Unilever PLC (NYSE:UL) Shares Acquired by IFP Advisors Inc

IFP Advisors Inc grew its position in Unilever PLC (NYSE:UL - Free Report) by 833.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,726 shares of the company's stock after purchasing an additional 42,613 shares during the quarter. IFP Advisors Inc's holdings in Unilever were worth $2,706,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of UL. Fisher Asset Management LLC boosted its stake in Unilever by 7.1% in the third quarter. Fisher Asset Management LLC now owns 16,726,400 shares of the company's stock valued at $1,086,547,000 after acquiring an additional 1,114,177 shares in the last quarter. Jennison Associates LLC grew its position in shares of Unilever by 66.4% during the fourth quarter. Jennison Associates LLC now owns 3,454,686 shares of the company's stock worth $195,881,000 after acquiring an additional 1,378,517 shares during the last quarter. Hamlin Capital Management LLC increased its holdings in shares of Unilever by 7.8% in the 4th quarter. Hamlin Capital Management LLC now owns 2,874,929 shares of the company's stock valued at $163,008,000 after acquiring an additional 207,549 shares during the period. Bank of Montreal Can raised its position in Unilever by 3.7% in the 3rd quarter. Bank of Montreal Can now owns 1,812,164 shares of the company's stock valued at $118,588,000 after purchasing an additional 63,835 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Unilever by 18.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,240,653 shares of the company's stock worth $70,132,000 after purchasing an additional 190,753 shares during the period. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Stock Performance

Shares of NYSE:UL traded up $0.12 on Wednesday, reaching $56.02. 2,622,535 shares of the company were exchanged, compared to its average volume of 2,715,268. Unilever PLC has a 1-year low of $46.46 and a 1-year high of $65.87. The company has a 50-day moving average of $56.66 and a 200-day moving average of $60.01.

Unilever Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.4674 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.87 annualized dividend and a yield of 3.34%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Erste Group Bank reaffirmed a "hold" rating on shares of Unilever in a report on Tuesday, November 19th. StockNews.com cut Unilever from a "buy" rating to a "hold" rating in a research report on Wednesday. Sanford C. Bernstein raised Unilever from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 9th. DZ Bank upgraded Unilever from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Finally, Royal Bank of Canada cut shares of Unilever from a "sector perform" rating to an "underperform" rating in a research note on Monday, January 6th. Three analysts have rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $61.75.

Unilever Company 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.