Unilever PLC (NYSE:UL) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its stake in Unilever PLC (NYSE:UL - Free Report) by 25.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,557,291 shares of the company's stock after acquiring an additional 316,638 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.06% of Unilever worth $92,768,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC lifted its holdings in shares of Unilever by 5.4% during the fourth quarter. Brighton Jones LLC now owns 10,572 shares of the company's stock worth $599,000 after buying an additional 539 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Unilever by 4.2% during the 4th quarter. Bank of New York Mellon Corp now owns 701,859 shares of the company's stock worth $39,795,000 after buying an additional 28,227 shares during the last quarter. Whipplewood Advisors LLC bought a new position in shares of Unilever in the fourth quarter worth about $54,000. Oppenheimer & Co. Inc. grew its stake in shares of Unilever by 9.5% during the fourth quarter. Oppenheimer & Co. Inc. now owns 54,981 shares of the company's stock worth $3,117,000 after buying an additional 4,767 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of Unilever in the 4th quarter valued at $11,895,000. Institutional investors and hedge funds own 9.67% of the company's stock.

Unilever Trading Down 0.2%

Shares of NYSE:UL traded down $0.10 during trading on Wednesday, reaching $61.38. The company's stock had a trading volume of 1,794,800 shares, compared to its average volume of 2,488,587. The firm's 50 day simple moving average is $62.71 and its two-hundred day simple moving average is $59.66. Unilever PLC has a 12 month low of $54.32 and a 12 month high of $65.87. The stock has a market capitalization of $150.66 billion, a PE ratio of 17.59, a price-to-earnings-growth ratio of 3.39 and a beta of 0.41.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 16th were given a dividend of $0.5151 per share. This is an increase from Unilever's previous quarterly dividend of $0.47. The ex-dividend date was Friday, May 16th. This represents a $2.06 dividend on an annualized basis and a yield of 3.36%. Unilever's dividend payout ratio (DPR) is 59.03%.

Analyst Ratings Changes

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

Unilever 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.