Unilever PLC (NYSE:UL) Shares Purchased by M&T Bank Corp

M&T Bank Corp raised its position in Unilever PLC (NYSE:UL) by 0.7% in the third quarter, Holdings Channel reports. The fund owned 639,518 shares of the company’s stock after buying an additional 4,398 shares during the period. M&T Bank Corp’s holdings in Unilever were worth $41,543,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UL. Fisher Asset Management LLC boosted its position in shares of Unilever by 7.1% during the 3rd quarter. Fisher Asset Management LLC now owns 16,726,400 shares of the company’s stock worth $1,086,547,000 after acquiring an additional 1,114,177 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Unilever by 26.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,384,944 shares of the company’s stock worth $241,145,000 after acquiring an additional 911,443 shares in the last quarter. Saratoga Research & Investment Management raised its stake in Unilever by 0.8% during the 2nd quarter. Saratoga Research & Investment Management now owns 2,767,207 shares of the company’s stock worth $152,169,000 after acquiring an additional 22,325 shares in the last quarter. Hamlin Capital Management LLC lifted its position in Unilever by 7.9% in the third quarter. Hamlin Capital Management LLC now owns 2,667,380 shares of the company’s stock valued at $173,273,000 after acquiring an additional 194,165 shares during the last quarter. Finally, Fiera Capital Corp boosted its stake in Unilever by 1,866.0% in the second quarter. Fiera Capital Corp now owns 2,135,859 shares of the company’s stock valued at $117,451,000 after acquiring an additional 2,027,221 shares in the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on UL. Erste Group Bank reiterated a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. StockNews.com lowered Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $61.75.

Unilever Stock Down 0.7 %

UL opened at $57.16 on Friday. The business has a 50 day moving average price of $59.82 and a two-hundred day moving average price of $60.23. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87. The company has a market cap of $141.79 billion, a PE ratio of 17.22, a P/E/G ratio of 1.80 and a beta of 0.48.

Unilever Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 8th were paid a $0.4755 dividend. This is a boost from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend was Friday, November 8th. Unilever’s payout ratio is currently 56.63%.

Unilever Company Profile

Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products consist of the vitamins, minerals, and supplements.