Azimuth Capital Management LLC Takes $3.57 Million Position in Unilever PLC (NYSE:UL)


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Azimuth Capital Management LLC bought a new stake in Unilever PLC (NYSE:UL) in the 4th quarter, Holdings Channel.com reports. The firm bought 59,096 shares of the company’s stock, valued at approximately $3,567,000.

A number of other large investors have also recently modified their holdings of UL. BlackRock Inc. lifted its stake in Unilever by 13,019.3% in the 4th quarter. BlackRock Inc. now owns 18,772,198 shares of the company’s stock valued at $1,133,090,000 after purchasing an additional 18,629,110 shares during the last quarter. Gardner Russo & Gardner LLC acquired a new stake in Unilever in the 4th quarter valued at about $673,353,000. Wells Fargo & Company MN lifted its stake in Unilever by 199.6% in the 4th quarter. Wells Fargo & Company MN now owns 6,530,946 shares of the company’s stock valued at $394,208,000 after purchasing an additional 4,351,317 shares during the last quarter. Northern Trust Corp lifted its stake in Unilever by 208.9% in the 4th quarter. Northern Trust Corp now owns 4,269,676 shares of the company’s stock valued at $257,718,000 after purchasing an additional 2,887,678 shares during the last quarter. Finally, Coho Partners Ltd. acquired a new stake in Unilever in the 4th quarter valued at about $172,905,000.

UL stock traded up $1.06 during mid-day trading on Tuesday, hitting $55.37. 263,912 shares of the company were exchanged, compared to its average volume of 2,167,824. The business has a 50 day simple moving average of $57.95 and a 200-day simple moving average of $59.75. The stock has a market capitalization of $64.70 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 4.19 and a beta of 0.44. Unilever PLC has a 1-year low of $44.06 and a 1-year high of $63.89.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 17th. Shareholders of record on Friday, February 26th will be given a dividend of $0.5139 per share. The ex-dividend date is Thursday, February 25th. This is an increase from Unilever’s previous quarterly dividend of $0.48. This represents a $2.06 annualized dividend and a yield of 3.71%. Unilever’s dividend payout ratio (DPR) is 63.99%.

Separately, Zacks Investment Research downgraded shares of Unilever from a “hold” rating to a “sell” rating in a research note on Wednesday, February 10th. Six research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $57.00.

About Unilever

Unilever PLC, together with its subsidiaries, operates in the fast-moving consumer goods industry worldwide. It operates through three segments: Beauty & Personal Care, Foods & Refreshment, and Home Care. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and skin cleansing products under the Axe, Clear, Dove, Lifebuoy, Lux, Pond's, Rexona, Signal, Suave, Sunsilk, TRESemmé, and Vaseline brands.

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Institutional Ownership by Quarter for Unilever (NYSE:UL)

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