Axxcess Wealth Management LLC Raises Stock Position in Unilever PLC (NYSE:UL)

Axxcess Wealth Management LLC grew its holdings in Unilever PLC (NYSE:UL - Free Report) by 53.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,481 shares of the company's stock after purchasing an additional 5,059 shares during the quarter. Axxcess Wealth Management LLC's holdings in Unilever were worth $821,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of UL. Golden State Wealth Management LLC purchased a new stake in shares of Unilever during the 4th quarter valued at $26,000. Financial Life Planners acquired a new position in shares of Unilever during the fourth quarter valued at about $28,000. Roxbury Financial LLC purchased a new position in shares of Unilever in the 4th quarter valued at approximately $30,000. Mainstream Capital Management LLC purchased a new stake in Unilever during the 4th quarter worth approximately $31,000. Finally, Brooklyn Investment Group purchased a new stake in Unilever during the 3rd quarter worth approximately $40,000. Hedge funds and other institutional investors own 9.67% of the company's stock.

Unilever Stock Performance

NYSE UL traded down $0.04 during mid-day trading on Tuesday, reaching $58.10. 2,146,845 shares of the stock were exchanged, compared to its average volume of 2,509,811. The company has a market capitalization of $143.93 billion, a P/E ratio of 16.65, a P/E/G ratio of 1.60 and a beta of 0.47. The business's 50 day moving average is $57.34 and its 200-day moving average is $59.40. Unilever PLC has a 1 year low of $46.46 and a 1 year high of $65.87.

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Unilever Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders 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 3.22%. The ex-dividend date is Friday, February 28th. Unilever's payout ratio is currently 53.01%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on UL shares. 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. StockNews.com upgraded shares of Unilever from a "hold" rating to a "buy" rating in a research note on Friday, March 7th. Finally, DZ Bank upgraded shares of Unilever from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $66.33.

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.