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

Cardinal Capital Management lifted its position in Unilever PLC (NYSE:UL) by 11.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,068 shares of the company’s stock after acquiring an additional 3,803 shares during the quarter. Cardinal Capital Management’s holdings in Unilever were worth $1,911,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Rhumbline Advisers increased its holdings in shares of Unilever by 3.0% during the third quarter. Rhumbline Advisers now owns 53,913 shares of the company’s stock valued at $2,663,000 after acquiring an additional 1,580 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Unilever during the third quarter valued at about $1,156,000. O Shaughnessy Asset Management LLC increased its holdings in shares of Unilever by 24.1% during the third quarter. O Shaughnessy Asset Management LLC now owns 60,193 shares of the company’s stock valued at $2,974,000 after acquiring an additional 11,704 shares in the last quarter. Synovus Financial Corp increased its holdings in shares of Unilever by 4.3% during the third quarter. Synovus Financial Corp now owns 22,023 shares of the company’s stock valued at $1,088,000 after acquiring an additional 900 shares in the last quarter. Finally, Private Advisory Group LLC increased its holdings in shares of Unilever by 13.7% during the third quarter. Private Advisory Group LLC now owns 177,896 shares of the company’s stock valued at $8,788,000 after acquiring an additional 21,482 shares in the last quarter. 9.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Unilever Stock Down 0.6 %

Shares of UL opened at $55.35 on Friday. Unilever PLC has a 52-week low of $46.16 and a 52-week high of $56.47. The stock has a fifty day simple moving average of $53.71 and a two-hundred day simple moving average of $50.56.

Unilever Cuts Dividend

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

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.