Hickory Asset Management Inc. purchased a new stake in Unilever PLC (NYSE:UL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 7,390 shares of the company's stock, valued at approximately $419,000.
A number of other institutional investors have also recently bought and sold shares of the stock. Golden State Wealth Management LLC purchased a new position in shares of Unilever during the fourth quarter valued at $26,000. Financial Life Planners purchased a new position in Unilever during the 4th quarter valued at about $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Unilever in the 3rd quarter valued at about $35,000. Brooklyn Investment Group purchased a new stake in shares of Unilever in the third quarter worth approximately $40,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Unilever during the fourth quarter worth approximately $36,000. Hedge funds and other institutional investors own 9.67% of the company's stock.
Unilever Price Performance
Shares of NYSE UL traded up $0.73 during trading hours on Wednesday, hitting $55.65. 4,613,197 shares of the company's stock were exchanged, compared to its average volume of 2,723,884. The company's 50-day moving average price is $56.91 and its 200-day moving average price is $60.16. Unilever PLC has a 1-year low of $46.46 and a 1-year high of $65.87.
Unilever Cuts Dividend
The company 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 3.36%. The ex-dividend date is Friday, February 28th.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on UL shares. StockNews.com upgraded shares of Unilever from a "hold" rating to a "buy" rating in a research note on Tuesday. Royal Bank of Canada lowered Unilever from a "sector perform" rating to an "underperform" rating in a report on Monday, January 6th. Erste Group Bank restated a "hold" rating on shares of Unilever in a research note on Tuesday, November 19th. Finally, Sanford C. Bernstein raised Unilever from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 9th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $61.75.
Check Out Our Latest Analysis on UL
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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