Meriwether Wealth & Planning LLC purchased a new stake in shares of Unilever PLC (NYSE:UL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 15,528 shares of the company's stock, valued at approximately $880,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Pinion Investment Advisors LLC raised its position in Unilever by 2.0% during the 4th quarter. Pinion Investment Advisors LLC now owns 9,250 shares of the company's stock valued at $524,000 after purchasing an additional 177 shares during the last quarter. Timber Creek Capital Management LLC raised its position in shares of Unilever by 0.5% in the 3rd quarter. Timber Creek Capital Management LLC now owns 39,530 shares of the company's stock worth $2,568,000 after acquiring an additional 182 shares in the last quarter. Farmers & Merchants Investments Inc. raised its position in shares of Unilever by 3.4% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 5,646 shares of the company's stock worth $320,000 after acquiring an additional 185 shares in the last quarter. Alhambra Investment Management LLC raised its position in shares of Unilever by 4.2% in the 4th quarter. Alhambra Investment Management LLC now owns 4,586 shares of the company's stock worth $260,000 after acquiring an additional 186 shares in the last quarter. Finally, Phillips Wealth Planners LLC raised its position in shares of Unilever by 2.2% in the 4th quarter. Phillips Wealth Planners LLC now owns 8,970 shares of the company's stock worth $495,000 after acquiring an additional 193 shares in the last quarter. Institutional investors own 9.67% of the company's stock.
Unilever Stock Performance
Shares of Unilever stock traded down $0.27 during midday trading on Wednesday, hitting $59.07. The company had a trading volume of 2,749,949 shares, compared to its average volume of 2,525,821. The company has a 50 day moving average of $56.86 and a 200 day moving average of $59.76. Unilever PLC has a 52-week low of $46.46 and a 52-week high of $65.87. The stock has a market capitalization of $146.57 billion, a P/E ratio of 16.92, a P/E/G ratio of 1.60 and a beta of 0.47.
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 paid a dividend of $0.4674 per share. The ex-dividend date is Friday, February 28th. This represents a $1.87 annualized dividend and a yield of 3.17%. Unilever's dividend payout ratio is 53.01%.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on UL shares. StockNews.com raised Unilever from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. Erste Group Bank reissued a "hold" rating on shares of Unilever in a research report on Tuesday, November 19th. Sanford C. Bernstein raised Unilever from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 9th. DZ Bank raised Unilever from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Finally, Royal Bank of Canada lowered Unilever from a "sector perform" rating to an "underperform" rating in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $66.33.
Read Our Latest Research Report on UL
Unilever Profile
(
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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