Gilman Hill Asset Management LLC Raises Holdings in Unilever PLC (NYSE:UL)

Gilman Hill Asset Management LLC grew its holdings in Unilever PLC (NYSE:UL - Free Report) by 11.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,972 shares of the company's stock after purchasing an additional 7,380 shares during the period. Gilman Hill Asset Management LLC's holdings in Unilever were worth $4,081,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of UL. Abich Financial Wealth Management LLC grew its position in Unilever by 393.5% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company's stock worth $29,000 after purchasing an additional 425 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Unilever in the 3rd quarter worth $35,000. Jamison Private Wealth Management Inc. grew its holdings in shares of Unilever by 202.5% in the third quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company's stock worth $39,000 after acquiring an additional 405 shares during the period. Brooklyn Investment Group purchased a new stake in Unilever during the third quarter valued at $40,000. Finally, Coastline Trust Co purchased a new stake in Unilever during the third quarter valued at $48,000. Hedge funds and other institutional investors own 9.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Royal Bank of Canada downgraded Unilever from a "sector perform" rating to an "underperform" rating in a research note on Monday, January 6th. Erste Group Bank restated a "hold" rating on shares of Unilever in a research report on Tuesday, November 19th. Sanford C. Bernstein upgraded shares of Unilever from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 9th. Finally, StockNews.com lowered Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday, November 12th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Unilever has a consensus rating of "Hold" and an average target price of $61.75.

Unilever Trading Up 0.4 %

UL stock traded up $0.24 during trading on Monday, reaching $55.68. The company's stock had a trading volume of 3,801,419 shares, compared to its average volume of 2,047,655. The company's fifty day moving average is $57.62 and its 200-day moving average is $60.36. Unilever PLC has a 1 year low of $46.46 and a 1 year high of $65.87.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 8th were given a dividend of $0.4755 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.90 annualized dividend and a dividend yield of 3.42%. This is a boost from Unilever's previous quarterly dividend of $0.35.

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.