Atria Investments Inc Purchases 4,399 Shares of Unilever PLC (NYSE:UL)

Atria Investments Inc raised its stake in shares of Unilever PLC (NYSE:UL - Free Report) by 8.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,031 shares of the company's stock after buying an additional 4,399 shares during the quarter. Atria Investments Inc's holdings in Unilever were worth $3,120,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in UL. Confluence Investment Management LLC purchased a new stake in Unilever during the 3rd quarter valued at approximately $853,000. SpiderRock Advisors LLC grew its holdings in shares of Unilever by 24.0% in the third quarter. SpiderRock Advisors LLC now owns 41,973 shares of the company's stock valued at $2,727,000 after purchasing an additional 8,111 shares in the last quarter. Oxbow Advisors LLC grew its holdings in shares of Unilever by 0.6% in the third quarter. Oxbow Advisors LLC now owns 126,357 shares of the company's stock valued at $8,208,000 after purchasing an additional 709 shares in the last quarter. Mesirow Financial Investment Management Inc. grew its holdings in shares of Unilever by 6.4% in the third quarter. Mesirow Financial Investment Management Inc. now owns 7,583 shares of the company's stock valued at $493,000 after purchasing an additional 456 shares in the last quarter. Finally, Axxcess Wealth Management LLC grew its holdings in shares of Unilever by 14.1% in the third quarter. Axxcess Wealth Management LLC now owns 9,422 shares of the company's stock valued at $612,000 after purchasing an additional 1,163 shares in the last quarter. 9.67% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. DZ Bank raised shares of Unilever from a "hold" rating to a "buy" rating in a report on Friday, February 21st. StockNews.com raised shares of Unilever from a "hold" rating to a "buy" rating in a report on Friday. Sanford C. Bernstein raised shares of Unilever from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 9th. Erste Group Bank reaffirmed a "hold" rating on shares of Unilever in a research note on Tuesday, November 19th. Finally, Royal Bank of Canada lowered shares of Unilever from a "sector perform" rating to an "underperform" rating in a research note on Monday, January 6th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $66.33.

Unilever Price Performance

Shares of NYSE:UL traded up $0.99 on Friday, hitting $59.24. 2,380,209 shares of the company's stock were exchanged, compared to its average volume of 2,522,238. 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 price-to-earnings ratio of 16.97, a price-to-earnings-growth ratio of 1.60 and a beta of 0.47. The business's 50 day simple moving average is $56.69 and its two-hundred day simple moving average is $59.83.

Unilever Cuts Dividend

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

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.