Advisors Capital Management LLC Has $40.62 Million Stock Position in Unilever PLC (NYSE:UL)

Advisors Capital Management LLC boosted its holdings in Unilever PLC (NYSE:UL - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 716,472 shares of the company's stock after acquiring an additional 16,366 shares during the period. Advisors Capital Management LLC's holdings in Unilever were worth $40,624,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Golden State Wealth Management LLC bought a new position in shares of Unilever in the fourth quarter valued at about $26,000. Financial Life Planners acquired a new position in Unilever in the 4th quarter valued at about $28,000. VSM Wealth Advisory LLC bought a new position in Unilever in the 4th quarter valued at about $28,000. Roxbury Financial LLC acquired a new stake in Unilever during the fourth quarter worth approximately $30,000. Finally, Mainstream Capital Management LLC bought a new stake in shares of Unilever during the fourth quarter worth approximately $31,000. Institutional investors and hedge funds own 9.67% of the company's stock.

Unilever Trading Down 0.2 %

NYSE UL traded down $0.14 during midday trading on Tuesday, hitting $62.10. The company had a trading volume of 2,274,225 shares, compared to its average volume of 2,614,070. The firm has a 50-day moving average price of $58.38 and a 200-day moving average price of $58.81. The company has a market capitalization of $153.83 billion, a PE ratio of 17.79, a P/E/G ratio of 1.60 and a beta of 0.42. Unilever PLC has a twelve month low of $46.46 and a twelve month high of $65.87.

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Unilever Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 28th were paid a $0.4674 dividend. This represents a $1.87 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date was Friday, February 28th. Unilever's dividend payout ratio (DPR) is presently 53.01%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada lowered Unilever from a "sector perform" rating to an "underperform" rating in a research note on Monday, January 6th. StockNews.com upgraded Unilever from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. Sanford C. Bernstein raised shares of Unilever from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 9th. Finally, DZ Bank raised shares of Unilever from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Unilever currently has a consensus rating of "Moderate Buy" and a consensus target price of $66.33.

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.