Greenleaf Trust Sells 1,112 Shares of Unilever PLC $UL

Greenleaf Trust trimmed its position in shares of Unilever PLC (NYSE:UL) by 6.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,130 shares of the company’s stock after selling 1,112 shares during the quarter. Greenleaf Trust’s holdings in Unilever were worth $926,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of UL. Wellington Management Group LLP grew its position in 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 acquiring an additional 3,421,054 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Unilever by 7,286.5% during the first quarter. GAMMA Investing LLC now owns 781,713 shares of the company’s stock worth $46,551,000 after purchasing an additional 771,130 shares during the last quarter. Clark Capital Management Group Inc. bought a new stake in shares of Unilever during the first quarter worth $45,413,000. BNP Paribas Financial Markets grew its holdings in 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 acquiring an additional 685,848 shares during the last quarter. Finally, Factory Mutual Insurance Co. bought a new stake in Unilever during the 1st quarter worth about $34,533,000. 9.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on UL. CICC Research initiated coverage on shares of Unilever in a report on Thursday, August 21st. They set an “outperform” rating on the stock. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a research note on Sunday, August 3rd. Finally, Zacks Research upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 17th. Three equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued 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 a consensus target price of $73.00.

Unilever Trading Down 0.8%

Shares of UL opened at $58.80 on Thursday. Unilever PLC has a 1 year low of $54.32 and a 1 year high of $65.66. The stock has a market cap of $144.27 billion, a P/E ratio of 16.85, a price-to-earnings-growth ratio of 3.57 and a beta of 0.41. The stock’s 50-day moving average price is $61.53 and its two-hundred day moving average price is $61.59.

Unilever Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 15th were paid a dividend of $0.5175 per share. This represents a $2.07 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. This is a positive change from Unilever’s previous quarterly dividend of $0.52. Unilever’s payout ratio is 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.