Global View Capital Management LLC Buys Shares of 13,246 Unilever PLC (NYSE:UL)

Global View Capital Management LLC acquired a new position in Unilever PLC (NYSE:UL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,246 shares of the company's stock, valued at approximately $749,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Fisher Asset Management LLC boosted its holdings in shares of Unilever by 7.3% during the 4th quarter. Fisher Asset Management LLC now owns 17,940,963 shares of the company's stock valued at $1,017,253,000 after acquiring an additional 1,214,563 shares during the last quarter. Jennison Associates LLC lifted its holdings in Unilever by 66.4% during the fourth quarter. Jennison Associates LLC now owns 3,454,686 shares of the company's stock valued at $195,881,000 after purchasing an additional 1,378,517 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Unilever during the fourth quarter valued at approximately $176,806,000. Hamlin Capital Management LLC raised its position in shares of Unilever by 7.8% during the fourth quarter. Hamlin Capital Management LLC now owns 2,874,929 shares of the company's stock valued at $163,008,000 after buying an additional 207,549 shares during the last quarter. Finally, Equity Investment Corp raised its position in shares of Unilever by 1.7% during the fourth quarter. Equity Investment Corp now owns 2,169,194 shares of the company's stock valued at $122,993,000 after buying an additional 36,922 shares during the last quarter. 9.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on UL shares. Royal Bank of Canada lowered shares of Unilever from a "sector perform" rating to an "underperform" rating in a research note on Monday, January 6th. DZ Bank raised shares of Unilever from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Sanford C. Bernstein raised shares of Unilever from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 9th. StockNews.com raised shares of Unilever from a "hold" rating to a "buy" rating in a research note on Friday, March 7th. Finally, Erste Group Bank reaffirmed a "hold" rating on shares of Unilever in a research note on Tuesday, November 19th. Two investment analysts have rated the stock with a sell rating, one has assigned 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 stock currently has an average rating of "Moderate Buy" and a consensus price target of $66.33.

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Unilever Stock Performance

Shares of NYSE:UL traded up $0.09 during mid-day trading on Wednesday, hitting $59.42. 1,942,771 shares of the company traded hands, compared to its average volume of 2,526,769. Unilever PLC has a 52-week low of $46.46 and a 52-week high of $65.87. The firm's 50 day simple moving average is $56.82 and its 200 day simple moving average is $59.77. The firm has a market cap of $147.45 billion, a P/E ratio of 17.02, a PEG ratio of 1.60 and a beta of 0.47.

Unilever Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors 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 yield of 3.15%. Unilever's dividend payout ratio is currently 53.01%.

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.