Alliancebernstein L.P. Has $200.38 Million Stake in Unilever PLC (NYSE:UL)

Alliancebernstein L.P. lessened its position in Unilever PLC (NYSE:UL - Free Report) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,534,105 shares of the company's stock after selling 10,113 shares during the quarter. Alliancebernstein L.P. owned approximately 0.14% of Unilever worth $200,384,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of UL. Fisher Asset Management LLC grew its holdings 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 acquiring an additional 1,214,563 shares in the last quarter. Clearbridge Investments LLC grew its stake in Unilever by 140.1% in the fourth quarter. Clearbridge Investments LLC now owns 3,719,284 shares of the company's stock valued at $210,883,000 after purchasing an additional 2,170,242 shares in the last quarter. Jennison Associates LLC grew its stake 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 purchasing an additional 1,378,517 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Unilever during the 4th quarter worth approximately $176,806,000. Finally, Hamlin Capital Management LLC boosted its holdings 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 buying an additional 207,549 shares during the last quarter. Institutional investors own 9.67% of the company's stock.

Remove Ads

Unilever Trading Up 4.6 %

Shares of NYSE:UL traded up $2.74 during trading on Thursday, reaching $62.60. 6,598,592 shares of the stock were exchanged, compared to its average volume of 2,552,268. Unilever PLC has a 12 month low of $46.46 and a 12 month high of $65.87. The stock has a 50-day moving average price of $57.94 and a 200-day moving average price of $59.16. The firm has a market cap of $155.06 billion, a PE ratio of 17.94, a PEG ratio of 1.60 and a beta of 0.42.

Unilever Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were issued a $0.4674 dividend. This represents a $1.87 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date was Friday, February 28th. Unilever's dividend payout ratio is 53.01%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on UL shares. Sanford C. Bernstein upgraded shares of Unilever from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 9th. StockNews.com raised shares of Unilever from a "hold" rating to a "buy" rating in a report on Friday, March 7th. Royal Bank of Canada cut Unilever from a "sector perform" rating to an "underperform" rating in a report on Monday, January 6th. Finally, DZ Bank raised Unilever from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently 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.