CoreCap Advisors LLC Invests $58,000 in Unilever PLC (NYSE:UL)

Posted by Defense World Staff on Jun 1st, 2023

CoreCap Advisors LLC purchased a new position in Unilever PLC (NYSE:UL – Get Rating) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,157 shares of the company’s stock, valued at approximately $58,000.

Other institutional investors also recently made changes to their positions in the company. Pendal Group Ltd increased its stake in Unilever by 81.5% in the fourth quarter. Pendal Group Ltd now owns 10,061,107 shares of the company’s stock valued at $508,643,000 after purchasing an additional 4,518,649 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Unilever by 1,869.4% in the second quarter. Price T Rowe Associates Inc. MD now owns 1,519,198 shares of the company’s stock valued at $69,625,000 after purchasing an additional 1,442,059 shares during the last quarter. Fisher Asset Management LLC increased its stake in Unilever by 20.7% during the third quarter. Fisher Asset Management LLC now owns 6,968,721 shares of the company’s stock worth $305,509,000 after acquiring an additional 1,194,641 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Unilever by 29.4% during the second quarter. Goldman Sachs Group Inc. now owns 3,793,258 shares of the company’s stock worth $173,844,000 after acquiring an additional 861,988 shares during the last quarter. Finally, Cullen Capital Management LLC increased its stake in Unilever by 18.0% during the third quarter. Cullen Capital Management LLC now owns 4,270,018 shares of the company’s stock worth $187,198,000 after acquiring an additional 650,095 shares during the last quarter. 10.06% of the stock is owned by institutional investors and hedge funds.

Unilever Stock Down 0.1 %

Shares of NYSE UL opened at $49.94 on Thursday. Unilever PLC has a 1-year low of $42.44 and a 1-year high of $55.99. The business has a 50-day moving average of $53.37 and a 200-day moving average of $51.36.

Unilever Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Friday, May 19th will be given a $0.4569 dividend. This represents a $1.83 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend is Thursday, May 18th.

Analysts Set New Price Targets

Separately, StockNews.com lowered Unilever from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $46.00.

Unilever Company Profile

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Unilever Plc engages in the manufacture and sale of consumer goods. It operates through the following segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment offers hair care, skin care, and prestige beauty and health & wellbeing. The Personal Care segment consists of sales of skin cleansing, deodorant, and oral care products.