Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Unilever PLC (NYSE:UL - Free Report) by 19.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 203,903 shares of the company's stock after purchasing an additional 32,519 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in Unilever were worth $11,561,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Pinion Investment Advisors LLC grew its position in Unilever by 2.0% during the 4th quarter. Pinion Investment Advisors LLC now owns 9,250 shares of the company's stock worth $524,000 after purchasing an additional 177 shares during the last quarter. Timber Creek Capital Management LLC grew its holdings in shares of Unilever by 0.5% during the third quarter. Timber Creek Capital Management LLC now owns 39,530 shares of the company's stock worth $2,568,000 after buying an additional 182 shares during the last quarter. Farmers & Merchants Investments Inc. increased its position in Unilever by 3.4% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 5,646 shares of the company's stock valued at $320,000 after acquiring an additional 185 shares during the period. Alhambra Investment Management LLC raised its stake in Unilever by 4.2% during the 4th quarter. Alhambra Investment Management LLC now owns 4,586 shares of the company's stock valued at $260,000 after acquiring an additional 186 shares during the last quarter. Finally, Phillips Wealth Planners LLC raised its stake in Unilever by 2.2% during the 4th quarter. Phillips Wealth Planners LLC now owns 8,970 shares of the company's stock valued at $495,000 after acquiring an additional 193 shares during the last quarter. Institutional investors and hedge funds own 9.67% of the company's stock.
Wall Street Analysts Forecast Growth
UL has been the topic of a number of recent research reports. Royal Bank of Canada lowered 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 research report on Thursday, January 9th. Erste Group Bank reaffirmed a "hold" rating on shares of Unilever in a report on Tuesday, November 19th. DZ Bank raised shares of Unilever from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Finally, StockNews.com raised Unilever from a "hold" rating to a "buy" rating in a report on Friday, March 7th. Two 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 given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $66.33.
Get Our Latest Report on Unilever
Unilever Price Performance
Unilever stock traded up $0.20 during mid-day trading on Wednesday, reaching $58.91. The company had a trading volume of 1,890,817 shares, compared to its average volume of 2,517,949. The stock's 50-day simple moving average is $57.09 and its 200-day simple moving average is $59.58. The company has a market capitalization of $146.19 billion, a P/E ratio of 16.88, a P/E/G ratio of 1.60 and a beta of 0.47. Unilever PLC has a 1 year low of $46.46 and a 1 year high of $65.87.
Unilever Cuts Dividend
The company also recently declared 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 3.17%. The ex-dividend date is Friday, February 28th. Unilever's dividend payout ratio is currently 53.01%.
Unilever Profile
(
Free Report)
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.
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