Steward Partners Investment Advisory LLC lifted its position in shares of Unilever PLC (NYSE:UL - Free Report) by 35.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,571 shares of the company's stock after acquiring an additional 18,282 shares during the period. Steward Partners Investment Advisory LLC's holdings in Unilever were worth $4,001,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in UL. Timber Creek Capital Management LLC lifted its stake in Unilever by 0.5% in the third quarter. Timber Creek Capital Management LLC now owns 39,530 shares of the company's stock valued at $2,568,000 after buying an additional 182 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its stake in Unilever by 3.4% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 5,646 shares of the company's stock valued at $320,000 after buying an additional 185 shares during the last quarter. Alhambra Investment Management LLC lifted its stake in Unilever by 4.2% in the fourth quarter. Alhambra Investment Management LLC now owns 4,586 shares of the company's stock valued at $260,000 after buying an additional 186 shares during the last quarter. Phillips Wealth Planners LLC lifted its stake in Unilever by 2.2% in the fourth quarter. Phillips Wealth Planners LLC now owns 8,970 shares of the company's stock valued at $495,000 after buying an additional 193 shares during the last quarter. Finally, Three Bridge Wealth Advisors LLC lifted its stake in Unilever by 0.6% in the fourth quarter. Three Bridge Wealth Advisors LLC now owns 34,740 shares of the company's stock valued at $1,970,000 after buying an additional 198 shares during the last quarter. 9.67% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts have issued reports on UL shares. Sanford C. Bernstein upgraded Unilever from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 9th. Erste Group Bank restated a "hold" rating on shares of Unilever in a research note on Tuesday, November 19th. StockNews.com upgraded shares of Unilever from a "hold" rating to a "buy" rating in a research note on Friday. DZ Bank upgraded shares of Unilever from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Finally, 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. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $66.33.
Get Our Latest Stock Analysis on Unilever
Unilever Trading Up 1.7 %
NYSE:UL traded up $0.99 during mid-day trading on Friday, reaching $59.24. 2,380,209 shares of the stock were exchanged, compared to its average volume of 2,527,166. The business has a fifty day moving average price of $56.69 and a 200 day moving average price of $59.84. The firm has a market capitalization of $146.99 billion, a PE ratio of 16.97, a PEG 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.
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 dividend of $0.4674 per share. This represents a $1.87 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Friday, February 28th. Unilever's payout ratio is currently 53.01%.
Unilever Company 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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