CORDA Investment Management LLC. Reduces Holdings in Unilever PLC (NYSE:UL)

CORDA Investment Management LLC. trimmed its position in Unilever PLC (NYSE:UL - Free Report) by 1.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 816,782 shares of the company's stock after selling 8,336 shares during the period. Unilever accounts for approximately 3.9% of CORDA Investment Management LLC.'s investment 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 reporting period.

Other large investors also recently modified their holdings of the company. May Hill Capital LLC raised its position in Unilever by 41.8% during the 1st quarter. May Hill Capital LLC now owns 7,392 shares of the company's stock worth $440,000 after purchasing an additional 2,179 shares during the last quarter. Garrett Wealth Advisory Group LLC raised its position in Unilever by 5.9% during the 1st quarter. Garrett Wealth Advisory Group LLC now owns 12,287 shares of the company's stock worth $732,000 after purchasing an additional 682 shares during the last quarter. Brown Advisory Inc. raised its position in Unilever by 17.2% during the 1st quarter. Brown Advisory Inc. now owns 1,040,191 shares of the company's stock worth $61,943,000 after purchasing an additional 152,957 shares during the last quarter. Alpha Cubed Investments LLC raised its position in Unilever by 8.0% during the 1st quarter. Alpha Cubed Investments LLC now owns 286,047 shares of the company's stock worth $17,034,000 after purchasing an additional 21,309 shares during the last quarter. Finally, Abound Financial LLC bought a new position in Unilever during the 1st quarter worth $103,000. 9.67% of the stock is currently owned by institutional investors.

Unilever Price Performance

Shares of UL stock traded down $0.16 on Wednesday, reaching $60.75. 1,644,628 shares of the company were exchanged, compared to its average volume of 2,492,629. The company has a 50-day moving average of $62.51 and a 200-day moving average of $59.77. The company has a market cap of $149.12 billion, a price-to-earnings ratio of 17.41, a PEG ratio of 3.81 and a beta of 0.41. Unilever PLC has a one year low of $54.32 and a one year high of $65.87.

Unilever Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 16th were issued a $0.5151 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.06 annualized dividend and a yield of 3.39%. This is a positive change from Unilever's previous quarterly dividend of $0.47. Unilever's dividend payout ratio is presently 59.03%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. BNP Paribas Exane assumed coverage on Unilever in a research report on Thursday, May 29th. They set an "outperform" rating and a $73.00 target price for the company. BNP Paribas raised 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 research report on Tuesday, May 6th. Finally, UBS Group upgraded Unilever from a "strong sell" rating to a "hold" rating in a research report on Friday, May 2nd. 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 company's stock. Based on data from MarketBeat.com, the company 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.