Fifth Third Bancorp trimmed its holdings in shares of The Unilever Group (NYSE:UL) by 2.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 63,315 shares of the company’s stock after selling 1,479 shares during the period. Fifth Third Bancorp’s holdings in The Unilever Group were worth $3,905,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also made changes to their positions in the stock. Live Oak Private Wealth LLC boosted its stake in The Unilever Group by 6.2% in the 3rd quarter. Live Oak Private Wealth LLC now owns 27,300 shares of the company’s stock worth $1,684,000 after purchasing an additional 1,604 shares during the period. National Asset Management Inc. lifted its position in The Unilever Group by 39.3% in the 3rd quarter. National Asset Management Inc. now owns 6,947 shares of the company’s stock worth $414,000 after buying an additional 1,961 shares in the last quarter. LPL Financial LLC lifted its position in The Unilever Group by 0.4% in the 3rd quarter. LPL Financial LLC now owns 343,114 shares of the company’s stock worth $21,163,000 after buying an additional 1,309 shares in the last quarter. Banco Santander S.A. lifted its position in The Unilever Group by 17.8% in the 3rd quarter. Banco Santander S.A. now owns 8,670 shares of the company’s stock worth $535,000 after buying an additional 1,310 shares in the last quarter. Finally, Glassman Wealth Services lifted its position in The Unilever Group by 91.0% in the 3rd quarter. Glassman Wealth Services now owns 405 shares of the company’s stock worth $25,000 after buying an additional 193 shares in the last quarter. 7.61% of the stock is owned by hedge funds and other institutional investors.
NYSE UL opened at $59.24 on Friday. The firm has a market capitalization of $69.22 billion, a price-to-earnings ratio of 20.71, a P/E/G ratio of 5.05 and a beta of 0.45. The company’s fifty day moving average is $61.35 and its two-hundred day moving average is $58.18. The Unilever Group has a 52-week low of $44.06 and a 52-week high of $63.89.
The business also recently declared a quarterly dividend, which was paid on Friday, November 20th. Shareholders of record on Friday, October 30th were given a $0.4845 dividend. This represents a $1.94 annualized dividend and a yield of 3.27%. This is a positive change from The Unilever Group’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Thursday, October 29th. The Unilever Group’s dividend payout ratio (DPR) is currently 63.99%.
A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of The Unilever Group in a research report on Thursday, October 1st. Zacks Investment Research downgraded shares of The Unilever Group from a “buy” rating to a “hold” rating in a report on Friday, November 13th. Finally, Sanford C. Bernstein initiated coverage on shares of The Unilever Group in a report on Monday, October 12th. They set an “underperform” rating on the stock. Five analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $54.50.
About The Unilever Group
The Unilever Group, 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, TRESemmÃ©, and Vaseline brands.
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