56,115 Shares in Unilever PLC (NYSE:UL) Acquired by JPL Wealth Management LLC

JPL Wealth Management LLC bought a new position in shares of Unilever PLC (NYSE:UL - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 56,115 shares of the company's stock, valued at approximately $3,182,000.

Several other large investors have also recently added to or reduced their stakes in UL. Fisher Asset Management LLC increased its position in shares of Unilever by 7.3% in 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 increased its position in shares of Unilever by 66.4% in the 4th quarter. Jennison Associates LLC now owns 3,454,686 shares of the company's stock valued at $195,881,000 after purchasing an additional 1,378,517 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Unilever in the 4th quarter valued at approximately $176,806,000. Hamlin Capital Management LLC increased its position in shares of Unilever by 7.8% in the 4th quarter. Hamlin Capital Management LLC now owns 2,874,929 shares of the company's stock valued at $163,008,000 after purchasing an additional 207,549 shares during the last quarter. Finally, Equity Investment Corp increased its position 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 purchasing an additional 36,922 shares during the last quarter. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Trading Down 0.4 %

NYSE:UL opened at $59.07 on Thursday. The firm has a market cap of $146.57 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 1.60 and a beta of 0.47. Unilever PLC has a 12-month low of $46.46 and a 12-month high of $65.87. The company's 50-day moving average is $56.86 and its two-hundred day moving average is $59.76.

Unilever Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a dividend of $0.4674 per share. This represents a $1.87 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend is Friday, February 28th. Unilever's payout ratio is 53.01%.

Wall Street Analysts Forecast Growth

UL has been the subject of several research analyst reports. StockNews.com upgraded shares of Unilever from a "hold" rating to a "buy" rating in a report on Friday, March 7th. Royal Bank of Canada cut shares of Unilever from a "sector perform" rating to an "underperform" rating in a research note on Monday, January 6th. Sanford C. Bernstein upgraded shares of Unilever from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 9th. Erste Group Bank reiterated a "hold" rating on shares of Unilever in a research note on Tuesday, November 19th. Finally, DZ Bank upgraded shares of Unilever from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Unilever currently has a consensus rating of "Moderate Buy" and a consensus target price of $66.33.

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Unilever 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.

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