Invesco Ltd. Cuts Holdings in Unilever PLC (NYSE:UL)

Invesco Ltd. trimmed its holdings in shares of Unilever PLC (NYSE:UL - Free Report) by 13.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 44,045 shares of the company's stock after selling 6,774 shares during the period. Invesco Ltd.'s holdings in Unilever were worth $2,497,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in UL. Golden State Wealth Management LLC bought a new position in shares of Unilever during the 4th quarter valued at $26,000. Financial Life Planners bought a new position in shares of Unilever during the 4th quarter valued at $28,000. VSM Wealth Advisory LLC bought a new position in shares of Unilever during the 4th quarter valued at $28,000. Roxbury Financial LLC bought a new position in shares of Unilever during the 4th quarter valued at $30,000. Finally, Mainstream Capital Management LLC bought a new position in shares of Unilever during the 4th quarter valued at $31,000. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UL has been the topic of several research analyst reports. Sanford C. Bernstein raised Unilever from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 9th. StockNews.com upgraded Unilever from a "hold" rating to a "buy" rating in a research report on Monday. DZ Bank upgraded Unilever from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Finally, Royal Bank of Canada downgraded Unilever from a "sector perform" rating to an "underperform" rating in a research report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Unilever has an average rating of "Moderate Buy" and a consensus price target of $66.33.

Unilever Stock Up 0.9 %

Shares of Unilever stock opened at $63.17 on Tuesday. The stock's 50-day simple moving average is $59.62 and its 200-day simple moving average is $58.80. Unilever PLC has a 52 week low of $51.34 and a 52 week high of $65.87. The company has a market capitalization of $155.79 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 1.60 and a beta of 0.42.

Unilever Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 16th will be given a $0.5151 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.26%. This is an increase from Unilever's previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Friday, May 16th. Unilever's payout ratio is presently 59.03%.

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.

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