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CORDA Investment Management LLC. Sells 8,336 Shares of Unilever PLC (NYSE:UL)

Unilever logo with Consumer Staples background

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

Several other institutional investors have also recently added to or reduced their stakes in UL. Mission Wealth Management LP increased its stake 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 acquiring an additional 159 shares during the last quarter. Essex Financial Services Inc. increased its stake 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 acquiring an additional 168 shares during the last quarter. Cardinal Capital Management increased its stake 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 acquiring an additional 176 shares during the last quarter. Tyler Stone Wealth Management increased its stake 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 acquiring an additional 180 shares during the last quarter. Finally, Ausdal Financial Partners Inc. increased its stake 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 acquiring an additional 181 shares during the last quarter. Institutional investors and hedge funds own 9.67% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on UL shares. 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 Exane started coverage on shares of Unilever in a research note on Thursday, May 29th. They set an "outperform" rating and a $73.00 price objective for the company. UBS Group raised shares of Unilever from a "strong sell" rating to a "hold" rating in a research note on Friday, May 2nd. Finally, BNP Paribas raised shares of Unilever to a "strong-buy" rating in a research report on Thursday, May 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $70.67.

Read Our Latest Report on Unilever

Unilever Stock Performance

UL traded down $0.71 on Friday, reaching $60.76. 2,015,443 shares of the company's stock were exchanged, compared to its average volume of 2,480,506. The company's 50 day moving average is $62.37 and its 200-day moving average is $59.85. The company has a market cap of $149.14 billion, a price-to-earnings ratio of 17.41, a PEG ratio of 3.86 and a beta of 0.41. Unilever PLC has a twelve month low of $54.32 and a twelve month high of $65.87.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 16th were given a dividend of $0.5151 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend was Friday, May 16th. This is an increase from Unilever's previous quarterly dividend of $0.47. Unilever's dividend payout ratio is 59.03%.

About Unilever

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Unilever (NYSE:UL)

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