OLD Mission Capital LLC Sells 19,028 Shares of Unilever PLC $UL

Key Points

• OLD Mission Capital LLC reduced its stake in Unilever PLC by 10.3%, selling 19,028 shares and now holding 165,013 shares valued at approximately $9.83 million.
• Unilever declared a quarterly dividend of $0.5175, increasing from its previous dividend, with a yield of 3.3% based on an annualized basis.
• Wall Street analysts have mixed ratings on the stock, with a consensus rating of "Moderate Buy" and an average target price of $73.00.

OLD Mission Capital LLC trimmed its holdings in shares of Unilever PLC (NYSE:UL - Free Report) by 10.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 165,013 shares of the company's stock after selling 19,028 shares during the quarter. OLD Mission Capital LLC's holdings in Unilever were worth $9,827,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Bank of New York Mellon Corp grew its stake in Unilever by 33.2% during the first quarter. Bank of New York Mellon Corp now owns 934,804 shares of the company's stock worth $55,668,000 after buying an additional 232,945 shares in the last quarter. Stonegate Investment Group LLC grew its stake in Unilever by 69.7% during the first quarter. Stonegate Investment Group LLC now owns 14,282 shares of the company's stock worth $850,000 after buying an additional 5,867 shares in the last quarter. Wellington Management Group LLP grew its stake in Unilever by 13.9% during the first quarter. Wellington Management Group LLP now owns 28,100,442 shares of the company's stock worth $1,673,381,000 after buying an additional 3,421,054 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Unilever by 65.1% during the first quarter. Russell Investments Group Ltd. now owns 232,096 shares of the company's stock worth $13,821,000 after buying an additional 91,511 shares in the last quarter. Finally, Banco Santander S.A. grew its stake in Unilever by 70.6% during the first quarter. Banco Santander S.A. now owns 15,030 shares of the company's stock worth $895,000 after buying an additional 6,220 shares in the last quarter. 9.67% of the stock is owned by institutional investors.

Unilever Trading Up 0.5%

NYSE:UL traded up $0.34 during mid-day trading on Tuesday, hitting $63.54. 3,224,673 shares of the company's stock were exchanged, compared to its average volume of 2,509,516. The company has a 50 day simple moving average of $61.13 and a 200-day simple moving average of $60.96. Unilever PLC has a fifty-two week low of $54.32 and a fifty-two week high of $65.87. The firm has a market capitalization of $155.90 billion, a P/E ratio of 18.21, a PEG ratio of 3.91 and a beta of 0.40.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 15th will be given a dividend of $0.5175 per share. The ex-dividend date is Friday, August 15th. This represents a $2.07 annualized dividend and a yield of 3.3%. This is a boost from Unilever's previous quarterly dividend of $0.52. Unilever's dividend payout ratio is 59.31%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on UL. Wall Street Zen downgraded shares of Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. BNP Paribas upgraded shares of Unilever to a "strong-buy" rating in a research note on Thursday, May 29th. CICC Research assumed coverage on shares of Unilever in a research note on Thursday, August 21st. They set an "outperform" rating on the stock. BNP Paribas Exane assumed coverage on shares of Unilever in a research note on Thursday, May 29th. They issued an "outperform" rating and a $73.00 price target on the stock. Finally, Jefferies Financial Group restated an "underperform" rating on shares of Unilever in a research note on Sunday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $73.00.

About Unilever

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.