Bayesian Capital Management LP Acquires Shares of 73,500 Unilever PLC (NYSE:UL)

Bayesian Capital Management LP acquired a new position in Unilever PLC (NYSE:UL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 73,500 shares of the company's stock, valued at approximately $4,167,000.

A number of other hedge funds also recently bought and sold shares of UL. Golden State Wealth Management LLC bought a new stake in shares of Unilever during the 4th quarter valued at $26,000. Financial Life Planners bought a new position in shares of Unilever in the fourth quarter worth about $28,000. VSM Wealth Advisory LLC purchased a new position in shares of Unilever during the 4th quarter valued at about $28,000. Roxbury Financial LLC bought a new position in shares of Unilever during the 4th quarter valued at approximately $30,000. Finally, Mainstream Capital Management LLC purchased a new stake in Unilever in the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 9.67% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on UL shares. Sanford C. Bernstein upgraded Unilever from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 9th. DZ Bank raised Unilever from a "hold" rating to a "buy" rating in a report on Friday, February 21st. StockNews.com cut shares of Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday. 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. Finally, UBS Group upgraded Unilever from a "strong sell" rating to a "hold" rating in a research report on Friday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Unilever currently has an average rating of "Moderate Buy" and an average price target of $66.33.

Unilever Price Performance

Shares of NYSE UL traded up $0.47 during mid-day trading on Tuesday, hitting $63.94. 1,751,991 shares of the company's stock traded hands, compared to its average volume of 2,544,487. Unilever PLC has a 1 year low of $52.49 and a 1 year high of $65.87. The company's 50-day moving average is $60.51 and its two-hundred day moving average is $58.85. The company has a market capitalization of $157.70 billion, a P/E ratio of 18.32, a PEG ratio of 1.60 and a beta of 0.44.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 16th will be given a dividend of $0.5151 per share. The ex-dividend date is Friday, May 16th. This is an increase from Unilever's previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a yield of 3.22%. Unilever's dividend payout ratio is 59.03%.

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.