BridgePort Financial Solutions LLC Invests $385,000 in Unilever PLC (NYSE:UL)

BridgePort Financial Solutions LLC purchased a new stake in Unilever PLC (NYSE:UL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 6,821 shares of the company's stock, valued at approximately $385,000.

Several other large investors have also modified their holdings of the business. Golden State Wealth Management LLC purchased a new position in shares of Unilever in the 4th quarter valued at about $26,000. Financial Life Planners purchased a new stake in shares of Unilever in the 4th quarter valued at about $28,000. VSM Wealth Advisory LLC acquired a new position in Unilever during the fourth quarter worth approximately $28,000. Roxbury Financial LLC acquired a new stake in shares of Unilever in the fourth quarter valued at approximately $30,000. Finally, Vermillion Wealth Management Inc. purchased a new position in shares of Unilever during the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 9.67% of the company's stock.

Unilever Stock Performance

Shares of NYSE UL traded up $0.24 during midday trading on Thursday, reaching $63.54. 2,144,515 shares of the company's stock were exchanged, compared to its average volume of 2,507,944. Unilever PLC has a 52-week low of $54.02 and a 52-week high of $65.87. The stock has a market capitalization of $156.15 billion, a PE ratio of 18.20, a price-to-earnings-growth ratio of 1.60 and a beta of 0.44. The business's fifty day moving average price is $61.78 and its two-hundred day moving average price is $59.02.

Unilever Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 16th will be issued a $0.5151 dividend. This is a positive change from Unilever's previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a yield of 3.24%. The ex-dividend date is Friday, May 16th. Unilever's payout ratio is currently 59.03%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. UBS Group raised Unilever from a "strong sell" rating to a "hold" rating in a research report on Friday, May 2nd. DZ Bank raised Unilever from a "hold" rating to a "buy" rating in a report on Friday, February 21st. BNP Paribas initiated coverage on Unilever in a report on Thursday. They set an "outperform" rating on the stock. BNP Paribas Exane initiated coverage on Unilever in a report on Thursday. They set an "outperform" rating and a $73.00 price objective on the stock. Finally, Wall Street Zen lowered Unilever from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Unilever presently has a consensus rating of "Moderate Buy" and a consensus target price of $70.67.

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.