Mercer Global Advisors Inc. ADV Acquires 16,614 Shares of Unilever PLC (NYSE:UL)

Mercer Global Advisors Inc. ADV raised its holdings in shares of Unilever PLC (NYSE:ULGet Rating) by 22.1% during the fourth quarter, HoldingsChannel reports. The fund owned 91,953 shares of the company’s stock after purchasing an additional 16,614 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Unilever were worth $4,946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the business. Euro Pacific Asset Management LLC increased its stake in Unilever by 11.8% in the third quarter. Euro Pacific Asset Management LLC now owns 167,184 shares of the company’s stock valued at $9,029,000 after acquiring an additional 17,705 shares during the last quarter. Comerica Bank boosted its position in Unilever by 59.6% during the third quarter. Comerica Bank now owns 424,954 shares of the company’s stock valued at $23,419,000 after buying an additional 158,772 shares during the period. Jacobs & Co. CA purchased a new stake in Unilever during the fourth quarter valued at about $4,542,000. GFS Advisors LLC boosted its position in Unilever by 7.4% during the third quarter. GFS Advisors LLC now owns 185,210 shares of the company’s stock valued at $10,042,000 after buying an additional 12,765 shares during the period. Finally, Creative Planning boosted its position in Unilever by 54.4% during the third quarter. Creative Planning now owns 107,048 shares of the company’s stock valued at $5,804,000 after buying an additional 37,710 shares during the period. 16.83% of the stock is currently owned by institutional investors and hedge funds.

UL has been the subject of a number of analyst reports. Sanford C. Bernstein upgraded shares of Unilever from an “underperform” rating to a “market perform” rating in a report on Monday, March 14th. Zacks Investment Research lowered shares of Unilever from a “hold” rating to a “sell” rating in a report on Thursday, March 31st. StockNews.com initiated coverage on shares of Unilever in a report on Thursday, March 31st. They set a “buy” rating for the company. Societe Generale upgraded shares of Unilever from a “sell” rating to a “buy” rating in a report on Wednesday, January 19th. Finally, Royal Bank of Canada upgraded shares of Unilever from an “underperform” rating to a “sector perform” rating in a report on Tuesday, February 15th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Unilever has a consensus rating of “Hold” and an average price target of $61.51.

UL stock traded up $0.32 during trading on Tuesday, reaching $44.54. The company had a trading volume of 127,250 shares, compared to its average volume of 4,758,829. Unilever PLC has a 52 week low of $43.11 and a 52 week high of $61.81. The business has a 50 day moving average of $47.11 and a 200 day moving average of $50.67.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 22nd. Shareholders of record on Friday, February 25th were paid a dividend of $0.4873 per share. This represents a $1.95 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date was Thursday, February 24th.

About Unilever (Get Rating)

Unilever PLC operates as a fast-moving consumer goods company. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment provides skin care and hair care products, deodorants, and skin cleansing products. The Foods & Refreshment segment offers ice cream, soups, bouillons, seasonings, mayonnaise, ketchups, and tea categories.

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Institutional Ownership by Quarter for Unilever (NYSE:UL)

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