BB&T Corp lowered its stake in Unilever N.V. (NYSE:UL) by 9.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 167,341 shares of the company’s stock after selling 17,244 shares during the quarter. BB&T Corp’s holdings in Unilever were worth $9,198,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Morgan Stanley increased its stake in shares of Unilever by 1.3% in the second quarter. Morgan Stanley now owns 2,270,154 shares of the company’s stock valued at $125,494,000 after buying an additional 29,426 shares during the period. Northern Trust Corp increased its holdings in Unilever by 2.3% in the 2nd quarter. Northern Trust Corp now owns 1,504,555 shares of the company’s stock worth $83,172,000 after acquiring an additional 33,939 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Unilever by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 936,549 shares of the company’s stock worth $51,772,000 after acquiring an additional 15,730 shares during the last quarter. Fiera Capital Corp increased its holdings in Unilever by 20,022.2% in the 2nd quarter. Fiera Capital Corp now owns 774,706 shares of the company’s stock worth $42,826,000 after acquiring an additional 770,856 shares during the last quarter. Finally, Morningstar Investment Services LLC increased its holdings in Unilever by 1.9% in the 2nd quarter. Morningstar Investment Services LLC now owns 671,613 shares of the company’s stock worth $37,127,000 after acquiring an additional 12,634 shares during the last quarter. 6.63% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:UL traded up $0.57 during mid-day trading on Friday, reaching $53.95. The stock had a trading volume of 869,640 shares, compared to its average volume of 1,129,047. The company has a market capitalization of $66.63 billion, a price-to-earnings ratio of 21.32, a PEG ratio of 3.49 and a beta of 0.77. Unilever N.V. has a one year low of $50.74 and a one year high of $58.07.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 5th. Stockholders of record on Friday, November 2nd will be paid a dividend of $0.4487 per share. The ex-dividend date of this dividend is Thursday, November 1st. This represents a $1.79 annualized dividend and a dividend yield of 3.33%. Unilever’s dividend payout ratio (DPR) is presently 69.96%.
Separately, JPMorgan Chase & Co. restated a “neutral” rating on shares of Unilever in a research note on Monday, July 16th.
Unilever Company Profile
Unilever PLC operates in the fast-moving consumer goods industry worldwide. It operates through Personal Care, Home Care, Foods, and Refreshment segments. The Personal Care segment offers skin care and hair care products, deodorants, and oral care products. The Home Care segment provides home care products, including powders, liquids and capsules, soap bars, and various cleaning products.
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