MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Increases Holdings in Unilever PLC $UL

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its position in shares of Unilever PLC (NYSE:UL) by 12.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,219,261 shares of the company’s stock after purchasing an additional 138,646 shares during the quarter. Unilever makes up about 2.1% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s investment portfolio, making the stock its 6th largest position. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Unilever were worth $74,582,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of UL. Bank of New York Mellon Corp lifted its holdings in Unilever by 33.2% in the 1st quarter. Bank of New York Mellon Corp now owns 934,804 shares of the company’s stock worth $55,668,000 after buying an additional 232,945 shares during the period. Wellington Management Group LLP lifted its holdings in Unilever by 13.9% in the 1st quarter. Wellington Management Group LLP now owns 28,100,442 shares of the company’s stock worth $1,673,381,000 after buying an additional 3,421,054 shares during the period. Stonegate Investment Group LLC lifted its holdings in Unilever by 69.7% in the 1st quarter. Stonegate Investment Group LLC now owns 14,282 shares of the company’s stock worth $850,000 after buying an additional 5,867 shares during the period. Russell Investments Group Ltd. lifted its holdings in Unilever by 65.1% in the 1st quarter. Russell Investments Group Ltd. now owns 232,096 shares of the company’s stock worth $13,821,000 after buying an additional 91,511 shares during the period. Finally, Banco Santander S.A. lifted its holdings in Unilever by 70.6% in the 1st quarter. Banco Santander S.A. now owns 15,030 shares of the company’s stock worth $895,000 after buying an additional 6,220 shares during the period. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. CICC Research began coverage on Unilever in a report on Thursday, August 21st. They issued an “outperform” rating for the company. BNP Paribas Exane began coverage on Unilever in a research note on Thursday, May 29th. They issued an “outperform” rating and a $73.00 target price for the company. BNP Paribas upgraded Unilever to a “strong-buy” rating in a research note on Thursday, May 29th. Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a research note on Sunday, August 3rd. Finally, Zacks Research upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 17th. Three investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Unilever has an average rating of “Moderate Buy” and an average target price of $73.00.

Unilever Trading Down 0.8%

Unilever stock opened at $60.07 on Thursday. The firm has a market cap of $147.40 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 3.64 and a beta of 0.40. The stock has a fifty day simple moving average of $61.62 and a two-hundred day simple moving average of $61.59. Unilever PLC has a 12 month low of $54.32 and a 12 month high of $65.87.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 15th were issued a $0.5175 dividend. This represents a $2.07 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, August 15th. This is a positive change from Unilever’s previous quarterly dividend of $0.52. Unilever’s dividend payout ratio is 59.31%.

Unilever Company Profile

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.