Parsec Financial Management Inc. Raises Position in Unilever N.V. (UL)

Parsec Financial Management Inc. grew its holdings in shares of Unilever N.V. (NYSE:UL) by 14.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 174,839 shares of the company’s stock after buying an additional 21,990 shares during the period. Parsec Financial Management Inc.’s holdings in Unilever were worth $9,135,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Highwater Wealth Management LLC purchased a new position in shares of Unilever during the 4th quarter valued at $29,000. Camarda Financial Advisors LLC raised its position in shares of Unilever by 84.5% in the fourth quarter. Camarda Financial Advisors LLC now owns 906 shares of the company’s stock valued at $47,000 after buying an additional 415 shares during the last quarter. Ipswich Investment Management Co. Inc. acquired a new stake in Unilever in the fourth quarter valued at $84,000. IMS Capital Management bought a new position in shares of Unilever during the 3rd quarter valued at about $98,000. Finally, Tower Research Capital LLC TRC grew its holdings in Unilever by 965.2% during the third quarter. Tower Research Capital LLC TRC now owns 1,896 shares of the company’s stock valued at $104,000 after purchasing an additional 1,718 shares during the last quarter. Hedge funds and other institutional investors own 6.80% of the company’s stock.

NYSE UL opened at $54.77 on Thursday. The company has a market capitalization of $64.13 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 3.52 and a beta of 0.64. Unilever N.V. has a 1-year low of $50.74 and a 1-year high of $58.07.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 20th. Investors of record on Friday, February 15th will be given a $0.442 dividend. This represents a $1.77 annualized dividend and a yield of 3.23%. The ex-dividend date is Thursday, February 14th. This is a boost from Unilever’s previous quarterly dividend of $0.35. Unilever’s payout ratio is currently 63.90%.

UL has been the topic of a number of analyst reports. Zacks Investment Research cut Unilever from a “hold” rating to a “sell” rating in a research report on Saturday, February 2nd. JPMorgan Chase & Co. restated a “sell” rating on shares of Unilever in a report on Wednesday, January 30th. Finally, UBS Group cut shares of Unilever from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 8th.

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Unilever 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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Institutional Ownership by Quarter for Unilever (NYSE:UL)

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