Charles Schwab Investment Management Inc. Grows Stock Position in Unilever PLC (NYSE:UL)

Charles Schwab Investment Management Inc. lifted its position in Unilever PLC (NYSE:UL - Free Report) by 11.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 168,093 shares of the company's stock after acquiring an additional 17,066 shares during the period. Charles Schwab Investment Management Inc.'s holdings in Unilever were worth $9,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UL. Timber Creek Capital Management LLC increased its stake in shares of Unilever by 0.5% in the third quarter. Timber Creek Capital Management LLC now owns 39,530 shares of the company's stock worth $2,568,000 after acquiring an additional 182 shares during the period. Farmers & Merchants Investments Inc. increased its stake in shares of Unilever by 3.4% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 5,646 shares of the company's stock valued at $320,000 after purchasing an additional 185 shares in the last quarter. Alhambra Investment Management LLC raised its stake in shares of Unilever by 4.2% during the 4th 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 period. Phillips Wealth Planners LLC lifted its position in shares of Unilever by 2.2% during the 4th 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 in the last quarter. Finally, Three Bridge Wealth Advisors LLC grew its stake in Unilever by 0.6% in the 4th quarter. Three Bridge Wealth Advisors LLC now owns 34,740 shares of the company's stock valued at $1,970,000 after acquiring an additional 198 shares during the period. Hedge funds and other institutional investors own 9.67% of the company's stock.

Remove Ads

Unilever Stock Down 0.1 %

Shares of Unilever stock traded down $0.04 on Tuesday, hitting $58.10. 2,219,045 shares of the company were exchanged, compared to its average volume of 2,503,917. Unilever PLC has a 1-year low of $46.46 and a 1-year high of $65.87. The stock has a market capitalization of $143.93 billion, a price-to-earnings ratio of 16.65, a price-to-earnings-growth ratio of 1.60 and a beta of 0.47. The company has a 50-day moving average price of $57.41 and a 200 day moving average price of $59.35.

Unilever Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a $0.4674 dividend. This represents a $1.87 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend is Friday, February 28th. Unilever's payout ratio is currently 53.01%.

Analysts Set New Price Targets

A number of research firms have weighed in on UL. StockNews.com upgraded shares of Unilever from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. Royal Bank of Canada lowered shares of Unilever from a "sector perform" rating to an "underperform" rating in a research note on Monday, January 6th. Sanford C. Bernstein upgraded Unilever from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 9th. Finally, DZ Bank raised Unilever from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Two research 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, the stock currently has a consensus rating of "Moderate Buy" and an average 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.