DecisionMap Wealth Management LLC purchased a new position in shares of Unilever PLC (NYSE:UL - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 8,936 shares of the company's stock, valued at approximately $507,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UL. Fisher Asset Management LLC raised its position in shares of Unilever by 7.3% during the fourth quarter. Fisher Asset Management LLC now owns 17,940,963 shares of the company's stock worth $1,017,253,000 after acquiring an additional 1,214,563 shares during the last quarter. Jennison Associates LLC boosted its holdings in Unilever by 66.4% in the fourth quarter. Jennison Associates LLC now owns 3,454,686 shares of the company's stock valued at $195,881,000 after acquiring an additional 1,378,517 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Unilever in the fourth quarter worth about $176,806,000. Hamlin Capital Management LLC raised its holdings in Unilever by 7.8% during the 4th quarter. Hamlin Capital Management LLC now owns 2,874,929 shares of the company's stock worth $163,008,000 after purchasing an additional 207,549 shares during the last quarter. Finally, Equity Investment Corp lifted its position in Unilever by 1.7% during the 4th quarter. Equity Investment Corp now owns 2,169,194 shares of the company's stock valued at $122,993,000 after purchasing an additional 36,922 shares during the period. Institutional investors and hedge funds own 9.67% of the company's stock.
Unilever Stock Up 1.7 %
Unilever stock traded up $1.02 during mid-day trading on Monday, hitting $59.73. 2,312,401 shares of the company's stock were exchanged, compared to its average volume of 2,520,788. The company's 50 day simple moving average is $56.95 and its 200-day simple moving average is $59.66. The firm has a market capitalization of $148.23 billion, a P/E ratio of 17.12, a PEG ratio of 1.60 and a beta of 0.47. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87.
Unilever Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.4674 per share. This represents a $1.87 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Friday, February 28th. Unilever's dividend payout ratio (DPR) is presently 53.01%.
Analyst Ratings Changes
Several equities research analysts have recently commented on the stock. DZ Bank upgraded shares of Unilever from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Erste Group Bank reaffirmed a "hold" rating on shares of Unilever in a report on Tuesday, November 19th. Royal Bank of Canada downgraded Unilever from a "sector perform" rating to an "underperform" rating in a research note on Monday, January 6th. StockNews.com raised Unilever from a "hold" rating to a "buy" rating in a research note on Friday, March 7th. Finally, Sanford C. Bernstein raised Unilever from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 9th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $66.33.
Read Our Latest Stock Analysis on Unilever
About Unilever
(
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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