Unilever PLC (NYSE:UL) is MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s 7th Largest Position

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lowered its stake in shares of Unilever PLC (NYSE:UL) by 8.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,115,236 shares of the company’s stock after selling 99,767 shares during the period. Unilever accounts for approximately 2.0% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s portfolio, making the stock its 7th biggest holding. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Unilever were worth $61,327,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Norges Bank purchased a new position in shares of Unilever in the 4th quarter worth about $151,263,000. Equity Investment Corp raised its holdings in shares of Unilever by 107.1% in the 1st quarter. Equity Investment Corp now owns 2,910,751 shares of the company’s stock worth $146,091,000 after purchasing an additional 1,505,233 shares during the period. Wellington Management Group LLP raised its holdings in shares of Unilever by 3.3% during the 4th quarter. Wellington Management Group LLP now owns 34,494,131 shares of the company’s stock valued at $1,672,275,000 after buying an additional 1,114,417 shares during the period. Fisher Asset Management LLC raised its holdings in shares of Unilever by 9.6% during the 4th quarter. Fisher Asset Management LLC now owns 10,830,250 shares of the company’s stock valued at $525,051,000 after buying an additional 951,446 shares during the period. Finally, Corient Private Wealth LLC raised its holdings in shares of Unilever by 121.3% during the 4th quarter. Corient Private Wealth LLC now owns 1,352,472 shares of the company’s stock valued at $65,568,000 after buying an additional 741,363 shares during the period. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Stock Performance

NYSE UL traded down $0.27 on Friday, reaching $64.79. The stock had a trading volume of 3,097,449 shares, compared to its average volume of 2,952,686. The business has a 50 day moving average price of $59.31 and a 200 day moving average price of $54.19. Unilever PLC has a 1 year low of $46.16 and a 1 year high of $65.17.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 9th will be paid a $0.4773 dividend. The ex-dividend date is Friday, August 9th. This represents a $1.91 dividend on an annualized basis and a yield of 2.95%. This is an increase from Unilever’s previous quarterly dividend of $0.46.

Analyst Ratings Changes

Several research firms have issued reports on UL. TD Cowen initiated coverage on Unilever in a report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price objective on the stock. Bank of America upgraded Unilever from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $47.00 to $72.00 in a research report on Thursday, August 22nd. JPMorgan Chase & Co. upgraded Unilever from an “underweight” rating to an “overweight” rating in a research report on Thursday, May 23rd. UBS Group upgraded Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. Finally, StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a research report on Saturday, August 3rd. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Unilever presently has an average rating of “Hold” and an average target price of $61.75.

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.