National Bank of Canada FI Purchases 5,781 Shares of Unilever PLC (NYSE:UL)

National Bank of Canada FI boosted its stake in shares of Unilever PLC (NYSE:UL - Free Report) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 388,007 shares of the company's stock after purchasing an additional 5,781 shares during the quarter. National Bank of Canada FI's holdings in Unilever were worth $22,000,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in Unilever by 26.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 151,027 shares of the company's stock worth $9,811,000 after buying an additional 31,186 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Unilever by 1,515.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 57,090 shares of the company's stock worth $3,709,000 after purchasing an additional 53,555 shares in the last quarter. Benjamin Edwards Inc. bought a new position in shares of Unilever in the third quarter worth $1,188,000. IHT Wealth Management LLC increased its holdings in Unilever by 49.9% in the 3rd quarter. IHT Wealth Management LLC now owns 16,781 shares of the company's stock valued at $1,088,000 after buying an additional 5,583 shares during the period. Finally, Parallax Volatility Advisers L.P. acquired a new position in shares of Unilever in the 3rd quarter valued at approximately $3,614,000. 9.67% of the stock is owned by institutional investors.

Unilever Stock Down 3.8 %

Unilever stock traded down $2.39 during mid-day trading on Friday, hitting $60.16. 5,916,359 shares of the stock were exchanged, compared to its average volume of 2,568,832. The stock has a market capitalization of $149.04 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 1.60 and a beta of 0.42. Unilever PLC has a 12 month low of $46.46 and a 12 month high of $65.87. The firm's fifty day simple moving average is $58.01 and its two-hundred day simple moving average is $59.08.

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Unilever Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were issued a $0.4674 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.87 dividend on an annualized basis and a yield of 3.11%. Unilever's payout ratio is currently 53.01%.

Analyst Upgrades and Downgrades

Several brokerages have commented on UL. DZ Bank upgraded shares of Unilever from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Royal Bank of Canada lowered shares of Unilever from a "sector perform" rating to an "underperform" rating in a research report on Monday, January 6th. StockNews.com raised Unilever from a "hold" rating to a "buy" rating in a report on Friday, March 7th. Finally, Sanford C. Bernstein raised Unilever from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 9th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, 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.