Sei Investments Co. Increases Stake in Unilever PLC (NYSE:UL)

Sei Investments Co. increased its holdings in Unilever PLC (NYSE:UL - Free Report) by 8.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 340,970 shares of the company's stock after buying an additional 25,332 shares during the quarter. Sei Investments Co.'s holdings in Unilever were worth $19,331,000 at the end of the most recent reporting period.

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

Unilever Stock Performance

Unilever stock traded up $0.05 during mid-day trading on Tuesday, reaching $59.60. 1,825,961 shares of the company were exchanged, compared to its average volume of 2,535,047. The firm has a market cap of $147.65 billion, a P/E ratio of 17.08, a PEG ratio of 1.60 and a beta of 0.47. The business has a fifty day moving average of $57.74 and a 200 day moving average of $59.13. Unilever PLC has a 12-month low of $46.46 and a 12-month high of $65.87.

Remove Ads

Unilever Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were issued a dividend of $0.4674 per share. The ex-dividend date was Friday, February 28th. This represents a $1.87 annualized dividend and a dividend yield of 3.14%. Unilever's dividend payout ratio is presently 53.01%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on UL shares. 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. DZ Bank raised shares of Unilever from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Sanford C. Bernstein raised Unilever from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 9th. Finally, StockNews.com upgraded Unilever from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $66.33.

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.