Azzad Asset Management Inc. ADV purchased a new position in shares of Unilever PLC (NYSE:UL - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 66,166 shares of the company's stock, valued at approximately $3,940,000.
A number of other hedge funds also recently modified their holdings of UL. Fisher Asset Management LLC lifted its holdings in Unilever by 7.3% in the fourth quarter. Fisher Asset Management LLC now owns 17,940,963 shares of the company's stock valued at $1,017,253,000 after buying an additional 1,214,563 shares during the period. Bank of America Corp DE lifted its holdings in Unilever by 3.4% in the fourth quarter. Bank of America Corp DE now owns 7,906,824 shares of the company's stock valued at $448,317,000 after buying an additional 257,538 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Unilever by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,103,075 shares of the company's stock valued at $289,345,000 after buying an additional 250,053 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Unilever by 9.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,830,532 shares of the company's stock valued at $217,191,000 after buying an additional 327,329 shares during the period. Finally, Clearbridge Investments LLC lifted its holdings in Unilever by 140.1% in the fourth quarter. Clearbridge Investments LLC now owns 3,719,284 shares of the company's stock valued at $210,883,000 after buying an additional 2,170,242 shares during the period. Institutional investors and hedge funds own 9.67% of the company's stock.
Unilever Stock Performance
NYSE:UL traded down $1.03 on Friday, hitting $62.62. The stock had a trading volume of 1,987,927 shares, compared to its average volume of 2,481,624. The stock has a market cap of $153.91 billion, a P/E ratio of 17.94, a price-to-earnings-growth ratio of 1.60 and a beta of 0.43. Unilever PLC has a 1 year low of $54.32 and a 1 year high of $65.87. The firm's fifty day simple moving average is $62.74 and its two-hundred day simple moving average is $59.45.
Unilever Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 16th were paid a $0.5151 dividend. This is a positive change from Unilever's previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.06 annualized dividend and a yield of 3.29%. Unilever's dividend payout ratio (DPR) is 59.03%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on UL shares. DZ Bank upgraded shares of Unilever from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Wall Street Zen lowered shares of Unilever from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. UBS Group upgraded shares of Unilever from a "strong sell" rating to a "hold" rating in a report on Friday, May 2nd. BNP Paribas upgraded shares of Unilever to a "strong-buy" rating in a report on Thursday, May 29th. Finally, BNP Paribas Exane started coverage on shares of Unilever in a research report on Thursday, May 29th. They set an "outperform" rating and a $73.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $70.67.
View Our Latest Report on Unilever
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.
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