Dynamic Technology Lab Private Ltd Purchases New Position in Unilever PLC (NYSE:UL)

Dynamic Technology Lab Private Ltd purchased a new position in Unilever PLC (NYSE:UL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,346 shares of the company's stock, valued at approximately $587,000.

A number of other institutional investors also recently modified their holdings of UL. Golden State Wealth Management LLC acquired a new position in shares of Unilever during the 4th quarter valued at $26,000. Financial Life Planners bought a new stake in Unilever in the fourth quarter valued at $28,000. VSM Wealth Advisory LLC acquired a new position in shares of Unilever during the fourth quarter valued at about $28,000. Roxbury Financial LLC bought a new position in shares of Unilever during the 4th quarter worth about $30,000. Finally, Mainstream Capital Management LLC bought a new stake in Unilever in the 4th quarter valued at about $31,000. 9.67% of the stock is owned by institutional investors.

Unilever Stock Performance

Shares of Unilever stock traded up $1.97 during mid-day trading on Friday, hitting $61.88. 3,906,218 shares of the stock were exchanged, compared to its average volume of 2,612,346. Unilever PLC has a 12 month low of $46.46 and a 12 month high of $65.87. The company has a 50-day simple moving average of $58.22 and a 200 day simple moving average of $58.81. The company has a market capitalization of $153.28 billion, a P/E ratio of 17.73, a P/E/G ratio of 1.60 and a beta of 0.42.

Unilever Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 28th were issued a $0.4674 dividend. This represents a $1.87 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date was Friday, February 28th. Unilever's dividend payout ratio (DPR) is currently 53.01%.

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Analyst Ratings Changes

Several research analysts have issued reports on UL shares. Royal Bank of Canada lowered Unilever from a "sector perform" rating to an "underperform" rating in a report on Monday, January 6th. StockNews.com upgraded shares of Unilever from a "hold" rating to a "buy" rating in a research note on Friday, March 7th. DZ Bank raised shares of Unilever from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Finally, Sanford C. Bernstein upgraded shares of Unilever from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 9th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Unilever presently has an average rating of "Moderate Buy" and a consensus target price of $66.33.

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.