Assetmark Inc. Acquires 60,049 Shares of Unilever PLC (NYSE:UL)

Assetmark Inc. grew its stake in Unilever PLC (NYSE:UL - Free Report) by 351.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,150 shares of the company's stock after acquiring an additional 60,049 shares during the quarter. Assetmark Inc.'s holdings in Unilever were worth $4,374,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in Unilever in the fourth quarter worth $26,000. Financial Life Planners purchased a new position in shares of Unilever in the fourth quarter worth $28,000. Roxbury Financial LLC purchased a new position in shares of Unilever in the fourth quarter worth $30,000. Mainstream Capital Management LLC purchased a new position in shares of Unilever in the fourth quarter worth $31,000. Finally, Brooklyn Investment Group purchased a new position in shares of Unilever in the third quarter worth $40,000. 9.67% of the stock is owned by institutional investors.

Unilever Price Performance

Unilever stock traded up $0.99 during mid-day trading on Friday, reaching $59.24. 2,380,209 shares of the stock traded hands, compared to its average volume of 2,522,238. The business's 50-day moving average is $56.69 and its 200-day moving average is $59.83. Unilever PLC has a 12-month low of $46.46 and a 12-month high of $65.87. The stock has a market capitalization of $146.99 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 1.60 and a beta of 0.47.

Unilever Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.4674 per share. This represents a $1.87 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend is Friday, February 28th. Unilever's dividend payout ratio is presently 53.01%.

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Analyst Ratings Changes

UL has been the subject of several recent analyst reports. Sanford C. Bernstein upgraded Unilever from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 9th. StockNews.com upgraded Unilever from a "hold" rating to a "buy" rating in a research note on Friday. DZ Bank upgraded Unilever from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Erste Group Bank reiterated a "hold" rating on shares of Unilever in a research report on Tuesday, November 19th. Finally, Royal Bank of Canada cut Unilever from a "sector perform" rating to an "underperform" rating in a research report on Monday, January 6th. 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 issued a strong buy rating to the stock. According to data from MarketBeat, Unilever has a consensus rating of "Moderate Buy" and a consensus price target 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.