Unilever PLC (NYSE:UL) Shares Bought by Sustainable Growth Advisers LP

Sustainable Growth Advisers LP boosted its holdings in shares of Unilever PLC (NYSE:UL - Free Report) by 4.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 166,562 shares of the company's stock after buying an additional 7,618 shares during the quarter. Sustainable Growth Advisers LP's holdings in Unilever were worth $9,444,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC purchased a new position in shares of Unilever during the fourth quarter worth $26,000. Financial Life Planners acquired a new stake in Unilever during the 4th quarter worth about $28,000. Roxbury Financial LLC purchased a new position in shares of Unilever during the 4th quarter valued at about $30,000. Mainstream Capital Management LLC acquired a new position in shares of Unilever in the 4th quarter valued at about $31,000. Finally, Brooklyn Investment Group purchased a new stake in shares of Unilever in the third quarter worth about $40,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Trading Down 1.7 %

UL traded down $1.03 on Tuesday, hitting $58.70. 1,887,688 shares of the company's stock were exchanged, compared to its average volume of 2,518,215. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87. The stock has a market cap of $145.65 billion, a price-to-earnings ratio of 16.82, a P/E/G ratio of 1.60 and a beta of 0.47. The firm has a 50-day moving average price of $57.04 and a 200-day moving average price of $59.62.

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Unilever Cuts Dividend

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

Wall Street Analysts Forecast Growth

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