Unilever N.V. (UL) Holdings Increased by Quadrant Capital Group LLC

Quadrant Capital Group LLC grew its holdings in Unilever N.V. (NYSE:UL) by 43.5% during the first quarter, HoldingsChannel.com reports. The firm owned 12,831 shares of the company’s stock after acquiring an additional 3,892 shares during the quarter. Quadrant Capital Group LLC’s holdings in Unilever were worth $734,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in UL. Bank of New York Mellon Corp increased its holdings in Unilever by 34,001.1% during the third quarter. Bank of New York Mellon Corp now owns 363,518 shares of the company’s stock worth $19,984,000 after buying an additional 362,452 shares during the last quarter. FMR LLC increased its holdings in Unilever by 15.1% during the third quarter. FMR LLC now owns 61,644 shares of the company’s stock worth $3,388,000 after buying an additional 8,100 shares during the last quarter. WealthPLAN Partners LLC increased its holdings in Unilever by 16.8% during the third quarter. WealthPLAN Partners LLC now owns 8,309 shares of the company’s stock worth $452,000 after buying an additional 1,195 shares during the last quarter. Belpointe Asset Management LLC bought a new position in Unilever during the third quarter worth about $112,000. Finally, Reynders McVeigh Capital Management LLC boosted its position in Unilever by 4.7% during the third quarter. Reynders McVeigh Capital Management LLC now owns 154,563 shares of the company’s stock worth $8,496,000 after purchasing an additional 6,878 shares during the period. Institutional investors and hedge funds own 6.43% of the company’s stock.

Shares of NYSE:UL opened at $59.42 on Monday. The stock has a market cap of $69.43 billion, a price-to-earnings ratio of 21.45, a price-to-earnings-growth ratio of 3.23 and a beta of 0.63. Unilever N.V. has a twelve month low of $50.80 and a twelve month high of $59.47.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Friday, May 3rd will be given a dividend of $0.4641 per share. This represents a $1.86 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend is Thursday, May 2nd. This is a positive change from Unilever’s previous quarterly dividend of $0.44. Unilever’s dividend payout ratio (DPR) is currently 63.18%.

A number of equities analysts have weighed in on the stock. Zacks Investment Research lowered shares of Unilever from a “hold” rating to a “sell” rating in a research report on Saturday, February 2nd. DZ Bank lowered shares of Unilever from a “buy” rating to a “hold” rating in a research report on Thursday. Exane BNP Paribas lowered shares of Unilever from an “outperform” rating to a “neutral” rating in a research report on Wednesday, February 27th. Finally, UBS Group lowered shares of Unilever from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $66.00.

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About Unilever

Unilever PLC operates in the fast moving consumer goods industry worldwide. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products primarily under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.

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Institutional Ownership by Quarter for Unilever (NYSE:UL)

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