Brooklyn FI LLC Invests $511,000 in Unilever PLC (NYSE:UL)

Brooklyn FI LLC acquired a new position in Unilever PLC (NYSE:UL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,512 shares of the company's stock, valued at approximately $511,000.

Several other large investors have also modified their holdings of UL. Raymond James Financial Inc. bought a new stake in shares of Unilever during the fourth quarter worth $176,806,000. Jennison Associates LLC increased its stake in Unilever by 981.6% in the 3rd quarter. Jennison Associates LLC now owns 2,076,169 shares of the company's stock worth $134,868,000 after buying an additional 1,884,216 shares during the period. Fisher Asset Management LLC increased its stake in Unilever by 7.3% in the 4th quarter. Fisher Asset Management LLC now owns 17,940,963 shares of the company's stock worth $1,017,253,000 after buying an additional 1,214,563 shares during the period. Citigroup Inc. boosted its position in Unilever by 493.4% in the 3rd quarter. Citigroup Inc. now owns 1,105,064 shares of the company's stock valued at $71,785,000 after buying an additional 918,841 shares during the period. Finally, Icon Wealth Advisors LLC boosted its position in Unilever by 7,466.0% in the 3rd quarter. Icon Wealth Advisors LLC now owns 629,569 shares of the company's stock valued at $40,897,000 after buying an additional 621,248 shares during the period. Hedge funds and other institutional investors own 9.67% of the company's stock.

Unilever Trading Down 0.8 %

Shares of UL traded down $0.49 during trading hours on Monday, hitting $58.16. The company had a trading volume of 2,254,423 shares, compared to its average volume of 2,510,202. Unilever PLC has a one year low of $46.46 and a one year high of $65.87. The company's fifty day moving average price is $57.28 and its two-hundred day moving average price is $59.45. The company has a market capitalization of $144.08 billion, a PE ratio of 16.67, a price-to-earnings-growth ratio of 1.60 and a beta of 0.47.

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Unilever Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a $0.4674 dividend. This represents a $1.87 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date is Friday, February 28th. Unilever's payout ratio is currently 53.01%.

Analyst Upgrades and Downgrades

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