Cravens & Co Advisors LLC Buys Shares of 7,471 Unilever PLC (NYSE:UL)

Cravens & Co Advisors LLC acquired a new stake in shares of Unilever PLC (NYSE:UL - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 7,471 shares of the company's stock, valued at approximately $424,000.

A number of other institutional investors have also recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in shares of Unilever during the fourth quarter worth $176,806,000. Norges Bank acquired a new position in shares of Unilever in the fourth quarter valued at about $153,606,000. Clearbridge Investments LLC raised its stake in shares of Unilever by 140.1% in the fourth quarter. Clearbridge Investments LLC now owns 3,719,284 shares of the company's stock worth $210,883,000 after purchasing an additional 2,170,242 shares during the last quarter. Jennison Associates LLC boosted its position in Unilever by 66.4% in the fourth quarter. Jennison Associates LLC now owns 3,454,686 shares of the company's stock valued at $195,881,000 after buying an additional 1,378,517 shares during the last quarter. Finally, Fisher Asset Management LLC increased its holdings in Unilever by 7.3% in the 4th quarter. Fisher Asset Management LLC now owns 17,940,963 shares of the company's stock worth $1,017,253,000 after buying an additional 1,214,563 shares during the period. Institutional investors and hedge funds own 9.67% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on UL. Sanford C. Bernstein raised shares of Unilever from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 9th. DZ Bank raised Unilever from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. StockNews.com downgraded Unilever from a "buy" rating to a "hold" rating in a research note on Friday. Finally, Royal Bank of Canada cut Unilever from a "sector perform" rating to an "underperform" rating in a research report on Monday, January 6th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $66.33.

Unilever Stock Down 0.1 %

Shares of Unilever stock traded down $0.04 on Monday, reaching $63.80. The company's stock had a trading volume of 1,317,626 shares, compared to its average volume of 2,863,698. Unilever PLC has a 52-week low of $47.55 and a 52-week high of $65.87. The company has a market capitalization of $158.05 billion, a P/E ratio of 18.28, a PEG ratio of 1.60 and a beta of 0.42. The stock has a 50-day moving average price of $58.67 and a 200-day moving average price of $58.76.

Unilever Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were given a dividend of $0.4674 per share. This represents a $1.87 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date was Friday, February 28th. Unilever's dividend payout ratio is presently 53.01%.

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.