Hsbc Holdings PLC Has $67.45 Million Stock Position in Unilever PLC (NYSE:UL)

Hsbc Holdings PLC lessened its stake in Unilever PLC (NYSE:UL) by 27.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,225,413 shares of the company’s stock after selling 469,543 shares during the quarter. Hsbc Holdings PLC’s holdings in Unilever were worth $67,446,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Red Tortoise LLC acquired a new stake in shares of Unilever during the 1st quarter worth approximately $26,000. Rise Advisors LLC bought a new stake in shares of Unilever during the 1st quarter valued at $28,000. Quent Capital LLC acquired a new position in shares of Unilever in the 1st quarter valued at $28,000. ST Germain D J Co. Inc. grew its stake in shares of Unilever by 423.8% during the second quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after purchasing an additional 428 shares during the period. Finally, YHB Investment Advisors Inc. bought a new stake in Unilever in the first quarter valued at about $30,000. 9.67% of the stock is owned by institutional investors.

Unilever Price Performance

Shares of Unilever stock opened at $64.33 on Friday. The firm has a market cap of $160.33 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 1.98 and a beta of 0.48. The stock’s 50-day moving average is $61.96 and its 200-day moving average is $55.60. Unilever PLC has a one year low of $46.16 and a one year high of $65.86.

Unilever Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 9th were given a dividend of $0.4773 per share. The ex-dividend date was Friday, August 9th. This represents a $1.91 dividend on an annualized basis and a yield of 2.97%. This is an increase from Unilever’s previous quarterly dividend of $0.46. Unilever’s dividend payout ratio is 55.10%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Bank of America upgraded Unilever from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $47.00 to $72.00 in a research report on Thursday, August 22nd. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a report on Saturday, August 3rd. TD Cowen started coverage on shares of Unilever in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price objective for the company. UBS Group upgraded Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Finally, Redburn Atlantic upgraded Unilever from a “neutral” rating to a “buy” rating in a report on Friday, June 7th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Unilever has a consensus rating of “Hold” and a consensus price target 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.