Cardinal Capital Management Purchases 3,803 Shares of Unilever PLC (NYSE:UL)

Cardinal Capital Management boosted its position in Unilever PLC (NYSE:UL) by 11.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 38,068 shares of the company’s stock after purchasing an additional 3,803 shares during the period. Cardinal Capital Management’s holdings in Unilever were worth $1,911,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in UL. Marino Stram & Associates LLC grew its position in shares of Unilever by 2.2% during the 4th quarter. Marino Stram & Associates LLC now owns 9,963 shares of the company’s stock valued at $483,000 after acquiring an additional 215 shares during the period. Pine Haven Investment Counsel Inc lifted its stake in shares of Unilever by 3.7% during the 4th quarter. Pine Haven Investment Counsel Inc now owns 6,133 shares of the company’s stock valued at $297,000 after buying an additional 216 shares in the last quarter. Avidian Wealth Solutions LLC lifted its stake in shares of Unilever by 1.0% during the 4th quarter. Avidian Wealth Solutions LLC now owns 21,616 shares of the company’s stock valued at $1,048,000 after buying an additional 216 shares in the last quarter. Baystate Wealth Management LLC lifted its stake in shares of Unilever by 29.9% during the 4th quarter. Baystate Wealth Management LLC now owns 948 shares of the company’s stock valued at $46,000 after buying an additional 218 shares in the last quarter. Finally, Lido Advisors LLC lifted its stake in shares of Unilever by 3.0% during the 3rd quarter. Lido Advisors LLC now owns 7,890 shares of the company’s stock valued at $390,000 after buying an additional 229 shares in the last quarter. 9.67% of the stock is owned by institutional investors.

Unilever Stock Performance

Unilever stock opened at $55.35 on Friday. The firm’s fifty day moving average price is $53.71 and its 200-day moving average price is $50.56. Unilever PLC has a fifty-two week low of $46.16 and a fifty-two week high of $56.47.

Unilever Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were issued a dividend of $0.4556 per share. This represents a $1.82 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend was Thursday, May 16th.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. JPMorgan Chase & Co. upgraded shares of Unilever from an “underweight” rating to an “overweight” rating in a research note on Thursday, May 23rd. Argus increased their target price on shares of Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Redburn Atlantic upgraded shares of Unilever from a “neutral” rating to a “buy” rating in a research note on Friday, June 7th. Finally, StockNews.com cut shares of Unilever from a “buy” rating to a “hold” rating in a research note on Thursday. Three analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $54.00.

Unilever Company Profile

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.