Corient Private Wealth LLC lowered its stake in shares of Unilever PLC (NYSE:UL - Free Report) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,254,454 shares of the company's stock after selling 33,843 shares during the period. Corient Private Wealth LLC owned 0.05% of Unilever worth $71,128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of UL. Pinion Investment Advisors LLC boosted its stake in Unilever by 2.0% during the fourth quarter. Pinion Investment Advisors LLC now owns 9,250 shares of the company's stock worth $524,000 after buying an additional 177 shares during the period. Timber Creek Capital Management LLC boosted its stake in 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 period. Farmers & Merchants Investments Inc. boosted its stake in Unilever by 3.4% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 5,646 shares of the company's stock worth $320,000 after buying an additional 185 shares during the period. Alhambra Investment Management LLC boosted its stake in Unilever by 4.2% during the fourth quarter. Alhambra Investment Management LLC now owns 4,586 shares of the company's stock worth $260,000 after buying an additional 186 shares during the period. Finally, Phillips Wealth Planners LLC boosted its stake in Unilever by 2.2% during the fourth quarter. Phillips Wealth Planners LLC now owns 8,970 shares of the company's stock worth $495,000 after buying an additional 193 shares during the period. Institutional investors own 9.67% of the company's stock.
Unilever Stock Performance
Shares of NYSE:UL traded up $0.34 during midday trading on Thursday, reaching $59.26. 2,740,390 shares of the company's stock traded hands, compared to its average volume of 2,509,697. Unilever PLC has a 1 year low of $46.46 and a 1 year high of $65.87. The company has a market cap of $147.04 billion, a P/E ratio of 16.98, a PEG ratio of 1.60 and a beta of 0.47. The company has a fifty day simple moving average of $57.15 and a two-hundred day simple moving average of $59.57.
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 is Friday, February 28th. This represents a $1.87 dividend on an annualized basis and a dividend yield of 3.16%. Unilever's dividend payout ratio (DPR) is 53.01%.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on UL shares. DZ Bank raised shares of Unilever from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Royal Bank of Canada downgraded Unilever from a "sector perform" rating to an "underperform" rating in a report on Monday, January 6th. StockNews.com upgraded Unilever from a "hold" rating to a "buy" rating in a report on Friday, March 7th. Finally, Sanford C. Bernstein upgraded Unilever from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 9th. Two 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $66.33.
Get Our Latest Research Report on UL
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.
Further Reading
Before you consider Unilever, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Unilever wasn't on the list.
While Unilever currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
