ProVise Management Group LLC Has $9.81 Million Stock Position in Unilever PLC (NYSE:UL)

ProVise Management Group LLC raised its position in shares of Unilever PLC (NYSE:UL - Free Report) by 4.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,993 shares of the company's stock after purchasing an additional 7,304 shares during the period. ProVise Management Group LLC's holdings in Unilever were worth $9,809,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in UL. Pinion Investment Advisors LLC grew its stake in shares of Unilever by 2.0% during the fourth quarter. Pinion Investment Advisors LLC now owns 9,250 shares of the company's stock worth $524,000 after buying an additional 177 shares during the last quarter. Timber Creek Capital Management LLC grew its stake in shares of Unilever by 0.5% during the third quarter. Timber Creek Capital Management LLC now owns 39,530 shares of the company's stock worth $2,568,000 after buying an additional 182 shares during the last quarter. Farmers & Merchants Investments Inc. grew its stake in shares of Unilever by 3.4% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 5,646 shares of the company's stock worth $320,000 after buying an additional 185 shares during the last quarter. Creative Financial Designs Inc. ADV grew its stake in shares of Unilever by 6.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,966 shares of the company's stock worth $168,000 after buying an additional 185 shares during the last quarter. Finally, Alhambra Investment Management LLC grew its stake in shares of Unilever by 4.2% during the fourth quarter. Alhambra Investment Management LLC now owns 4,586 shares of the company's stock worth $260,000 after buying an additional 186 shares during the last quarter. 9.67% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. 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. DZ Bank raised shares of 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 note on Thursday, January 9th. Finally, StockNews.com raised shares of Unilever from a "hold" rating to a "buy" rating in a research note on Friday, March 7th. Two analysts have rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Unilever currently has a consensus rating of "Moderate Buy" and a consensus price target of $66.33.

Unilever Trading Down 1.0 %

UL stock traded down $0.60 during midday trading on Friday, hitting $58.64. The stock had a trading volume of 2,248,669 shares, compared to its average volume of 2,511,228. The firm has a market cap of $145.50 billion, a P/E ratio of 16.80, a price-to-earnings-growth ratio of 1.60 and a beta of 0.47. Unilever PLC has a 1-year low of $46.46 and a 1-year high of $65.87. The business has a fifty day moving average price of $57.28 and a two-hundred day moving average price of $59.49.

Unilever Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a $0.4674 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.87 annualized dividend and a yield of 3.19%. Unilever's payout ratio is 53.01%.

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.