Allworth Financial LP Has $9.04 Million Stock Position in Unilever PLC (NYSE:UL)

Allworth Financial LP increased its position in shares of Unilever PLC (NYSE:UL - Free Report) by 1,351.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 161,211 shares of the company's stock after acquiring an additional 150,107 shares during the period. Allworth Financial LP's holdings in Unilever were worth $9,036,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Golden State Wealth Management LLC acquired a new stake in Unilever in the fourth quarter valued at approximately $26,000. Financial Life Planners acquired a new stake in Unilever in the fourth quarter valued at approximately $28,000. Roxbury Financial LLC acquired a new position in shares of Unilever during the fourth quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Unilever during the third quarter worth $35,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Unilever during the fourth quarter worth $36,000. Institutional investors and hedge funds own 9.67% of the company's stock.

Analyst Ratings Changes

UL has been the topic of a number of recent research reports. Royal Bank of Canada lowered shares of Unilever from a "sector perform" rating to an "underperform" rating in a report on Monday, January 6th. Sanford C. Bernstein upgraded shares of Unilever from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 9th. Erste Group Bank reiterated a "hold" rating on shares of Unilever in a report on Tuesday, November 19th. Finally, StockNews.com upgraded shares of Unilever from a "hold" rating to a "buy" rating in a report on Tuesday. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $61.75.

Unilever Price Performance

NYSE UL traded up $0.62 during mid-day trading on Wednesday, reaching $55.54. 3,513,841 shares of the stock were exchanged, compared to its average volume of 2,688,358. Unilever PLC has a one year low of $46.46 and a one year high of $65.87. The stock has a 50 day simple moving average of $56.97 and a 200-day simple moving average of $60.19.

Unilever Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.4674 per share. The ex-dividend date is Friday, February 28th. This represents a $1.87 annualized dividend and a dividend yield of 3.37%.

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.