Unilever PLC (NYSE:UL) is CORDA Investment Management LLC.'s 3rd Largest Position

CORDA Investment Management LLC. decreased its holdings in shares of Unilever PLC (NYSE:UL - Free Report) by 1.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 816,782 shares of the company's stock after selling 8,336 shares during the period. Unilever accounts for about 3.9% of CORDA Investment Management LLC.'s portfolio, making the stock its 3rd biggest position. CORDA Investment Management LLC.'s holdings in Unilever were worth $48,639,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Mission Wealth Management LP boosted its position in shares of Unilever by 1.4% during the 1st quarter. Mission Wealth Management LP now owns 11,497 shares of the company's stock valued at $685,000 after purchasing an additional 159 shares in the last quarter. Essex Financial Services Inc. boosted its position in shares of Unilever by 1.0% during the 1st quarter. Essex Financial Services Inc. now owns 16,246 shares of the company's stock valued at $967,000 after purchasing an additional 168 shares in the last quarter. Cardinal Capital Management boosted its position in shares of Unilever by 0.4% during the 1st quarter. Cardinal Capital Management now owns 39,953 shares of the company's stock valued at $2,379,000 after purchasing an additional 176 shares in the last quarter. Tyler Stone Wealth Management boosted its position in shares of Unilever by 2.8% during the 4th quarter. Tyler Stone Wealth Management now owns 6,576 shares of the company's stock valued at $373,000 after purchasing an additional 180 shares in the last quarter. Finally, Ausdal Financial Partners Inc. boosted its position in shares of Unilever by 1.9% during the 4th quarter. Ausdal Financial Partners Inc. now owns 9,956 shares of the company's stock valued at $565,000 after purchasing an additional 181 shares in the last quarter. Institutional investors own 9.67% of the company's stock.

Unilever Stock Performance

NYSE:UL traded up $0.67 during trading hours on Thursday, reaching $61.47. The stock had a trading volume of 951,163 shares, compared to its average volume of 2,484,414. The stock has a 50 day simple moving average of $62.45 and a 200 day simple moving average of $59.77. Unilever PLC has a 12-month low of $54.32 and a 12-month high of $65.87. The stock has a market cap of $150.89 billion, a P/E ratio of 17.62, a price-to-earnings-growth ratio of 3.78 and a beta of 0.41.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 16th were given a $0.5151 dividend. This is an increase from Unilever's previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend was Friday, May 16th. Unilever's dividend payout ratio (DPR) is currently 59.03%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on UL shares. BNP Paribas Exane started coverage on Unilever in a report on Thursday, May 29th. They issued an "outperform" rating and a $73.00 price target on the stock. UBS Group upgraded Unilever from a "strong sell" rating to a "hold" rating in a report on Friday, May 2nd. Wall Street Zen lowered Unilever from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, BNP Paribas upgraded Unilever to a "strong-buy" rating in a report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average 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.