Graybill Wealth Management LTD. purchased a new position in shares of Unilever PLC (NYSE:UL - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,850 shares of the company's stock, valued at approximately $289,000.
A number of other institutional investors have also added to or reduced their stakes in the stock. Bank of America Corp DE lifted its holdings in Unilever by 3.4% during the 4th quarter. Bank of America Corp DE now owns 7,906,824 shares of the company's stock worth $448,317,000 after purchasing an additional 257,538 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Unilever by 5.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,103,075 shares of the company's stock valued at $289,345,000 after acquiring an additional 250,053 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Unilever by 2.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,925,891 shares of the company's stock valued at $233,787,000 after acquiring an additional 95,359 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of Unilever by 140.1% in the 4th quarter. Clearbridge Investments LLC now owns 3,719,284 shares of the company's stock valued at $210,883,000 after acquiring an additional 2,170,242 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of Unilever by 0.5% in the 4th quarter. Royal Bank of Canada now owns 2,926,892 shares of the company's stock valued at $165,955,000 after acquiring an additional 14,083 shares in the last quarter. Hedge funds and other institutional investors own 9.67% of the company's stock.
Analyst Ratings Changes
Several research firms have weighed in on UL. BNP Paribas Exane began coverage on Unilever in a report on Thursday, May 29th. They issued an "outperform" rating and a $73.00 price target on the stock. BNP Paribas raised Unilever to a "strong-buy" rating in a report on Thursday, May 29th. UBS Group upgraded Unilever from a "strong sell" rating to a "hold" rating in a research report on Friday, May 2nd. Finally, Wall Street Zen lowered Unilever from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $70.67.
Read Our Latest Stock Analysis on Unilever
Unilever Stock Performance
NYSE:UL opened at $60.76 on Monday. The stock has a 50-day simple moving average of $62.37 and a two-hundred day simple moving average of $59.86. Unilever PLC has a 52-week low of $54.32 and a 52-week high of $65.87. The firm has a market capitalization of $149.14 billion, a PE ratio of 17.41, a P/E/G ratio of 3.86 and a beta of 0.41.
Unilever Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 16th were issued a dividend of $0.5151 per share. This represents a $2.06 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend was Friday, May 16th. This is a positive change from Unilever's previous quarterly dividend of $0.47. Unilever's payout ratio is currently 59.03%.
About Unilever
(
Free Report)
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.
Further Reading
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