Potentia Wealth Purchases Shares of 13,816 Unilever PLC (NYSE:UL)

Potentia Wealth bought a new position in Unilever PLC (NYSE:UL - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 13,816 shares of the company's stock, valued at approximately $783,000.

Other institutional investors have also recently made changes to their positions in the company. Auxano Advisors LLC raised its stake in Unilever by 1.7% in the fourth quarter. Auxano Advisors LLC now owns 30,840 shares of the company's stock worth $1,749,000 after buying an additional 522 shares in the last quarter. Stonegate Investment Group LLC raised its position in shares of Unilever by 155.2% in the 4th quarter. Stonegate Investment Group LLC now owns 8,415 shares of the company's stock worth $477,000 after acquiring an additional 5,117 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Unilever by 1.5% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 655,964 shares of the company's stock worth $37,193,000 after acquiring an additional 9,528 shares in the last quarter. Verition Fund Management LLC purchased a new stake in shares of Unilever during the 3rd quarter worth $11,694,000. Finally, Choreo LLC boosted its position in Unilever by 17.4% during the fourth quarter. Choreo LLC now owns 43,210 shares of the company's stock valued at $2,452,000 after purchasing an additional 6,404 shares in the last quarter. Hedge funds and other institutional investors own 9.67% of the company's stock.

Unilever Stock Performance

Shares of NYSE UL traded up $0.51 during mid-day trading on Friday, hitting $59.18. The stock had a trading volume of 3,362,355 shares, compared to its average volume of 2,531,628. The firm has a market cap of $146.60 billion, a PE ratio of 16.96, a PEG ratio of 1.60 and a beta of 0.47. The company has a 50 day moving average of $57.61 and a two-hundred day moving average of $59.25. Unilever PLC has a twelve month low of $46.46 and a twelve month high of $65.87.

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Unilever Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders 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 3.16%. The ex-dividend date of this dividend was Friday, February 28th. Unilever's dividend payout ratio is presently 53.01%.

Analyst Upgrades and Downgrades

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

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.