Allspring Global Investments Holdings LLC Has $92.77 Million Stake in Unilever PLC (NYSE:UL)

Allspring Global Investments Holdings LLC increased its holdings in shares of Unilever PLC (NYSE:UL - Free Report) by 25.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,557,291 shares of the company's stock after purchasing an additional 316,638 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.06% of Unilever worth $92,768,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. May Hill Capital LLC acquired a new position in Unilever during the fourth quarter worth $296,000. Auxano Advisors LLC boosted its holdings in Unilever by 1.7% during the fourth quarter. Auxano Advisors LLC now owns 30,840 shares of the company's stock worth $1,749,000 after purchasing an additional 522 shares during the last quarter. Stonegate Investment Group LLC boosted its holdings in Unilever by 69.7% during the first quarter. Stonegate Investment Group LLC now owns 14,282 shares of the company's stock worth $850,000 after purchasing an additional 5,867 shares during the last quarter. Argent Trust Co boosted its holdings in Unilever by 34.2% during the fourth quarter. Argent Trust Co now owns 45,387 shares of the company's stock worth $2,573,000 after purchasing an additional 11,555 shares during the last quarter. Finally, Value Partners Investments Inc. boosted its holdings in Unilever by 56.7% during the first quarter. Value Partners Investments Inc. now owns 13,958 shares of the company's stock worth $832,000 after purchasing an additional 5,051 shares during the last quarter. Institutional investors and hedge funds own 9.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on UL shares. BNP Paribas raised shares of Unilever to a "strong-buy" rating in a research report on Thursday, May 29th. UBS Group raised shares of Unilever from a "strong sell" rating to a "hold" rating in a report on Friday, May 2nd. Wall Street Zen cut shares of Unilever from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, BNP Paribas Exane assumed coverage on shares of Unilever in a report on Thursday, May 29th. They issued an "outperform" rating and a $73.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Unilever has an average rating of "Moderate Buy" and an average target price of $70.67.

Unilever Price Performance

Shares of UL opened at $60.92 on Friday. The firm has a market capitalization of $149.54 billion, a PE ratio of 17.46, a PEG ratio of 3.37 and a beta of 0.43. The company's 50-day moving average is $62.84 and its 200-day moving average is $59.62. Unilever PLC has a fifty-two week low of $54.32 and a fifty-two week high of $65.87.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 16th were given a $0.5151 dividend. 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. This represents a $2.06 annualized dividend and a dividend yield of 3.38%. Unilever's dividend payout ratio is presently 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.

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