OLD National Bancorp IN Has $611,000 Stock Position in Unilever PLC (NYSE:UL)

OLD National Bancorp IN cut its position in Unilever PLC (NYSE:UL - Free Report) by 31.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,268 shares of the company's stock after selling 4,656 shares during the quarter. OLD National Bancorp IN's holdings in Unilever were worth $611,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of Unilever in the fourth quarter valued at about $176,806,000. Norges Bank bought a new stake in Unilever in the 4th quarter valued at about $153,606,000. Clearbridge Investments LLC grew its position in shares of Unilever by 140.1% during the 4th quarter. Clearbridge Investments LLC now owns 3,719,284 shares of the company's stock worth $210,883,000 after purchasing an additional 2,170,242 shares in the last quarter. Fisher Asset Management LLC grew its position in shares of Unilever by 7.3% during the 4th quarter. Fisher Asset Management LLC now owns 17,940,963 shares of the company's stock worth $1,017,253,000 after purchasing an additional 1,214,563 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Unilever by 401.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,465,523 shares of the company's stock worth $83,095,000 after purchasing an additional 1,173,298 shares during the period. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Stock Performance

Shares of Unilever stock traded up $0.34 during trading on Tuesday, reaching $63.09. 1,525,051 shares of the company's stock were exchanged, compared to its average volume of 2,488,499. Unilever PLC has a 1-year low of $54.32 and a 1-year high of $65.87. The company has a market cap of $155.05 billion, a P/E ratio of 18.08, a PEG ratio of 1.60 and a beta of 0.43. The firm's 50-day moving average price is $62.46 and its 200 day moving average price is $59.35.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 16th will be given a $0.5151 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend is Friday, May 16th. This is a boost from Unilever's previous quarterly dividend of $0.47. Unilever's payout ratio is currently 59.03%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. BNP Paribas Exane initiated coverage on Unilever in a research report on Thursday, May 29th. They set an "outperform" rating and a $73.00 price target on the stock. BNP Paribas upgraded Unilever to a "strong-buy" rating in a research report on Thursday, May 29th. Wall Street Zen lowered Unilever from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. UBS Group raised Unilever from a "strong sell" rating to a "hold" rating in a research note on Friday, May 2nd. Finally, DZ Bank raised shares of Unilever from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $70.67.

Unilever 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.