CIBC Private Wealth Group LLC Has $4.10 Million Stock Holdings in Unilever PLC (NYSE:UL)

CIBC Private Wealth Group LLC boosted its position in Unilever PLC (NYSE:UL - Free Report) by 22.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 73,077 shares of the company's stock after acquiring an additional 13,508 shares during the period. CIBC Private Wealth Group LLC's holdings in Unilever were worth $4,103,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in shares of Unilever during the fourth quarter worth about $26,000. Financial Life Planners bought a new position in shares of Unilever in the 4th quarter valued at about $28,000. VSM Wealth Advisory LLC acquired a new position in shares of Unilever during the 4th quarter worth about $28,000. Roxbury Financial LLC bought a new stake in shares of Unilever in the 4th quarter valued at about $30,000. Finally, Mainstream Capital Management LLC acquired a new stake in Unilever in the 4th quarter valued at about $31,000. Institutional investors own 9.67% of the company's stock.

Analyst Upgrades and Downgrades

UL has been the subject of several research analyst reports. Royal Bank of Canada downgraded Unilever from a "sector perform" rating to an "underperform" rating in a research note on Monday, January 6th. Sanford C. Bernstein upgraded shares of Unilever from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 9th. DZ Bank upgraded shares of Unilever from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Finally, StockNews.com upgraded shares of Unilever from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $66.33.

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Unilever Price Performance

UL stock traded down $2.39 during midday trading on Friday, reaching $60.16. The company had a trading volume of 5,916,359 shares, compared to its average volume of 2,565,617. The company has a market capitalization of $149.04 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 1.60 and a beta of 0.42. Unilever PLC has a 1-year low of $46.46 and a 1-year high of $65.87. The stock has a 50 day moving average price of $57.94 and a 200-day moving average price of $59.16.

Unilever Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were issued a $0.4674 dividend. This represents a $1.87 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date was Friday, February 28th. Unilever's dividend payout ratio is presently 53.01%.

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.