PNC Financial Services Group Inc. Acquires 9,718 Shares of Unilever PLC (NYSE:UL)

PNC Financial Services Group Inc. increased its stake in Unilever PLC (NYSE:UL - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 467,492 shares of the company's stock after acquiring an additional 9,718 shares during the period. PNC Financial Services Group Inc.'s holdings in Unilever were worth $26,507,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several research firms have recently issued reports on UL. DZ Bank raised Unilever from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Sanford C. Bernstein raised shares of Unilever from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 9th. Royal Bank of Canada cut shares of Unilever from a "sector perform" rating to an "underperform" rating in a research report on Monday, January 6th. StockNews.com upgraded shares of Unilever from a "hold" rating to a "buy" rating in a report on Friday, March 7th. Finally, Erste Group Bank reiterated a "hold" rating on shares of Unilever in a report on Tuesday, November 19th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $66.33.

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Unilever Stock Performance

Shares of UL traded up $0.04 during mid-day trading on Wednesday, reaching $59.37. The company had a trading volume of 1,715,958 shares, compared to its average volume of 2,525,719. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87. The company has a market capitalization of $147.31 billion, a price-to-earnings ratio of 17.01, a price-to-earnings-growth ratio of 1.60 and a beta of 0.47. The firm has a 50-day moving average price of $56.82 and a 200 day moving average price of $59.77.

Unilever Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a $0.4674 dividend. This represents a $1.87 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Friday, February 28th. Unilever's dividend payout ratio is presently 53.01%.

About Unilever

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.