Horizon Investments LLC Increases Position in Unilever PLC (NYSE:UL)

Horizon Investments LLC boosted its position in shares of Unilever PLC (NYSE:UL - Free Report) by 94.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,546 shares of the company's stock after purchasing an additional 16,266 shares during the period. Horizon Investments LLC's holdings in Unilever were worth $1,902,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in shares of Unilever during the 4th quarter worth approximately $26,000. Financial Life Planners acquired a new stake in Unilever during the fourth quarter worth $28,000. Roxbury Financial LLC purchased a new stake in Unilever in the fourth quarter valued at $30,000. Mainstream Capital Management LLC purchased a new position in shares of Unilever during the 4th quarter worth $31,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in Unilever during the 4th quarter worth about $36,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Trading Down 1.0 %

Shares of UL stock traded down $0.60 during trading hours on Friday, hitting $58.64. The company's stock had a trading volume of 2,248,669 shares, compared to its average volume of 2,511,228. The business has a fifty day moving average of $57.28 and a 200-day moving average of $59.49. Unilever PLC has a twelve month low of $46.46 and a twelve month high of $65.87. The stock has a market cap of $145.50 billion, a price-to-earnings ratio of 16.80, a P/E/G ratio of 1.60 and a beta of 0.47.

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Unilever Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a dividend of $0.4674 per share. This represents a $1.87 annualized dividend and a 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 Unilever from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 9th. StockNews.com upgraded Unilever from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. 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. Finally, DZ Bank raised Unilever from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Two equities research 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 company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus 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.