Forum Financial Management LP Acquires 5,566 Shares of Unilever PLC (NYSE:UL)

Forum Financial Management LP boosted its stake in shares of Unilever PLC (NYSE:UL - Free Report) by 90.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,728 shares of the company's stock after acquiring an additional 5,566 shares during the quarter. Forum Financial Management LP's holdings in Unilever were worth $665,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in Unilever during the 4th quarter valued at about $26,000. Financial Life Planners bought a new position in shares of Unilever during the fourth quarter valued at approximately $28,000. VSM Wealth Advisory LLC purchased a new stake in shares of Unilever in the fourth quarter worth approximately $28,000. Roxbury Financial LLC bought a new stake in shares of Unilever during the 4th quarter worth approximately $30,000. Finally, Mainstream Capital Management LLC purchased a new position in Unilever during the 4th quarter valued at $31,000. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Unilever Trading Up 2.0 %

Shares of NYSE:UL opened at $63.79 on Friday. The company has a market capitalization of $158.03 billion, a PE ratio of 18.28, a P/E/G ratio of 1.60 and a beta of 0.42. Unilever PLC has a 12-month low of $47.55 and a 12-month high of $65.87. The business's fifty day simple moving average is $58.67 and its 200-day simple moving average is $58.78.

Unilever Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were given a dividend of $0.4674 per share. This represents a $1.87 annualized dividend and a dividend yield of 2.93%. The ex-dividend date was Friday, February 28th. Unilever's payout ratio is 53.01%.

Analyst Ratings Changes

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

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.

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