Unilever PLC (NYSE:UL) Shares Bought by First Eagle Investment Management LLC

First Eagle Investment Management LLC boosted its stake in shares of Unilever PLC (NYSE:UL - Free Report) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 574,689 shares of the company's stock after buying an additional 20,149 shares during the quarter. First Eagle Investment Management LLC's holdings in Unilever were worth $32,585,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Auxano Advisors LLC raised its holdings in shares of Unilever by 1.7% in the 4th quarter. Auxano Advisors LLC now owns 30,840 shares of the company's stock valued at $1,749,000 after purchasing an additional 522 shares in the last quarter. Stonegate Investment Group LLC raised its stake in shares of Unilever by 155.2% during the 4th quarter. Stonegate Investment Group LLC now owns 8,415 shares of the company's stock worth $477,000 after acquiring an additional 5,117 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of Unilever by 1.5% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 655,964 shares of the company's stock worth $37,193,000 after acquiring an additional 9,528 shares in the last quarter. Verition Fund Management LLC bought a new position in shares of Unilever during the 3rd quarter worth approximately $11,694,000. Finally, Choreo LLC raised its stake in shares of Unilever by 17.4% during the 4th quarter. Choreo LLC now owns 43,210 shares of the company's stock worth $2,452,000 after acquiring an additional 6,404 shares in the last quarter. Institutional investors own 9.67% of the company's stock.

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Unilever Price Performance

Shares of UL traded down $1.03 during mid-day trading on Tuesday, reaching $58.70. The stock had a trading volume of 1,887,688 shares, compared to its average volume of 2,518,215. Unilever PLC has a 52-week low of $46.46 and a 52-week high of $65.87. The business's fifty day moving average is $57.04 and its 200 day moving average is $59.62. The firm has a market cap of $145.65 billion, a price-to-earnings ratio of 16.82, a P/E/G ratio of 1.60 and a beta of 0.47.

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 paid a $0.4674 dividend. This represents a $1.87 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Friday, February 28th. Unilever's payout ratio is 53.01%.

Analysts Set New Price Targets

UL has been the subject of several recent analyst reports. Sanford C. Bernstein upgraded shares of Unilever from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 9th. Royal Bank of Canada downgraded shares of Unilever from a "sector perform" rating to an "underperform" rating in a research report on Monday, January 6th. StockNews.com raised shares of Unilever from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. Erste Group Bank reissued a "hold" rating on shares of Unilever in a research report on Tuesday, November 19th. Finally, DZ Bank raised shares of Unilever from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Two analysts have rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Unilever currently has a consensus rating of "Moderate Buy" and a consensus price target of $66.33.

About Unilever

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.