St. James Investment Company LLC Has $39.66 Million Holdings in Unilever PLC $UL

St. James Investment Company LLC trimmed its stake in shares of Unilever PLC (NYSE:UL) by 0.5% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 648,277 shares of the company’s stock after selling 3,529 shares during the quarter. Unilever comprises about 6.4% of St. James Investment Company LLC’s portfolio, making the stock its 5th biggest holding. St. James Investment Company LLC’s holdings in Unilever were worth $39,655,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of UL. Wellington Management Group LLP grew its holdings in shares of Unilever by 13.9% during the 1st quarter. Wellington Management Group LLP now owns 28,100,442 shares of the company’s stock worth $1,673,381,000 after purchasing an additional 3,421,054 shares in the last quarter. Clark Capital Management Group Inc. acquired a new stake in shares of Unilever during the 1st quarter worth $45,413,000. BNP Paribas Financial Markets grew its holdings in shares of Unilever by 764.5% during the 1st quarter. BNP Paribas Financial Markets now owns 775,561 shares of the company’s stock worth $46,185,000 after purchasing an additional 685,848 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of Unilever by 220.9% during the 1st quarter. Cerity Partners LLC now owns 626,102 shares of the company’s stock worth $37,284,000 after purchasing an additional 431,005 shares in the last quarter. Finally, Cheviot Value Management LLC acquired a new stake in shares of Unilever during the 1st quarter worth $24,374,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. CICC Research started coverage on Unilever in a report on Thursday, August 21st. They set an “outperform” rating on the stock. Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a research report on Sunday, August 3rd. Zacks Research downgraded shares of Unilever from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 16th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Unilever in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $73.00.

Unilever Stock Performance

NYSE UL opened at $62.36 on Wednesday. The firm’s fifty day moving average price is $61.58 and its two-hundred day moving average price is $61.72. The stock has a market cap of $153.01 billion, a PE ratio of 17.87, a PEG ratio of 4.74 and a beta of 0.40. Unilever PLC has a fifty-two week low of $54.32 and a fifty-two week high of $65.66.

Unilever Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 15th were paid a dividend of $0.5175 per share. The ex-dividend date of this dividend was Friday, August 15th. This is a boost from Unilever’s previous quarterly dividend of $0.52. This represents a $2.07 dividend on an annualized basis and a dividend yield of 3.3%. Unilever’s payout ratio is presently 59.31%.

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.