Callan Family Office LLC Makes New $1.15 Million Investment in Unilever PLC (NYSE:UL)

Callan Family Office LLC acquired a new stake in Unilever PLC (NYSE:UL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 20,354 shares of the company's stock, valued at approximately $1,154,000.

Several other institutional investors have also added to or reduced their stakes in UL. Fisher Asset Management LLC grew its holdings in shares of Unilever by 7.3% during the 4th quarter. Fisher Asset Management LLC now owns 17,940,963 shares of the company's stock valued at $1,017,253,000 after purchasing an additional 1,214,563 shares during the last quarter. Jennison Associates LLC boosted its position in Unilever by 66.4% in the fourth quarter. Jennison Associates LLC now owns 3,454,686 shares of the company's stock valued at $195,881,000 after buying an additional 1,378,517 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Unilever during the fourth quarter worth $176,806,000. Hamlin Capital Management LLC increased its holdings in shares of Unilever by 7.8% during the fourth quarter. Hamlin Capital Management LLC now owns 2,874,929 shares of the company's stock worth $163,008,000 after buying an additional 207,549 shares in the last quarter. Finally, Equity Investment Corp lifted its stake in shares of Unilever by 1.7% in the 4th quarter. Equity Investment Corp now owns 2,169,194 shares of the company's stock valued at $122,993,000 after acquiring an additional 36,922 shares during the last quarter. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Stock Performance

Shares of NYSE UL traded up $0.99 during midday trading on Friday, reaching $59.24. The stock had a trading volume of 2,380,209 shares, compared to its average volume of 2,522,238. Unilever PLC has a twelve month low of $46.46 and a twelve month high of $65.87. The company's 50 day moving average price is $56.69 and its 200 day moving average price is $59.83. The firm has a market cap of $146.99 billion, a price-to-earnings ratio of 16.97, a price-to-earnings-growth ratio of 1.60 and a beta of 0.47.

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Unilever Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a $0.4674 dividend. This represents a $1.87 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Friday, February 28th. Unilever's dividend payout ratio (DPR) is presently 53.01%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on UL. StockNews.com raised Unilever from a "hold" rating to a "buy" rating in a report on Friday. Royal Bank of Canada lowered shares of Unilever from a "sector perform" rating to an "underperform" rating in a report on Monday, January 6th. DZ Bank raised shares of Unilever from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Erste Group Bank restated a "hold" rating on shares of Unilever in a research report on Tuesday, November 19th. 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 analysts have rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Unilever presently has a consensus rating of "Moderate Buy" and an average price target 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.