Elevation Point Wealth Partners LLC Buys 5,425 Shares of Unilever PLC (NYSE:UL)

Elevation Point Wealth Partners LLC raised its holdings in shares of Unilever PLC (NYSE:UL - Free Report) by 20.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,559 shares of the company's stock after purchasing an additional 5,425 shares during the period. Elevation Point Wealth Partners LLC's holdings in Unilever were worth $1,879,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Smithbridge Asset Management Inc. DE purchased a new position in shares of Unilever during the first quarter valued at about $3,779,000. Verity & Verity LLC purchased a new position in shares of Unilever during the first quarter valued at about $208,000. NorthCrest Asset Manangement LLC increased its position in shares of Unilever by 1.3% during the first quarter. NorthCrest Asset Manangement LLC now owns 144,850 shares of the company's stock valued at $8,626,000 after buying an additional 1,833 shares during the period. apricus wealth LLC increased its position in shares of Unilever by 3.9% during the first quarter. apricus wealth LLC now owns 58,736 shares of the company's stock valued at $3,498,000 after buying an additional 2,220 shares during the period. Finally, Greenwood Capital Associates LLC increased its position in shares of Unilever by 9.3% during the first quarter. Greenwood Capital Associates LLC now owns 37,940 shares of the company's stock valued at $2,259,000 after buying an additional 3,223 shares during the period. Hedge funds and other institutional investors own 9.67% of the company's stock.

Analyst Upgrades and Downgrades

UL has been the topic of a number of recent research reports. UBS Group upgraded shares of Unilever from a "strong sell" rating to a "hold" rating in a report on Friday, May 2nd. DZ Bank upgraded shares of Unilever from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Wall Street Zen cut shares of Unilever from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. BNP Paribas upgraded shares of Unilever to a "strong-buy" rating in a report on Thursday, May 29th. Finally, BNP Paribas Exane assumed coverage on shares of Unilever in a report on Thursday, May 29th. They set an "outperform" rating and a $73.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $70.67.

Unilever Stock Down 1.6%

UL traded down $1.03 during trading on Friday, hitting $62.62. The company's stock had a trading volume of 1,987,927 shares, compared to its average volume of 2,477,616. Unilever PLC has a one year low of $54.32 and a one year high of $65.87. The firm has a market cap of $153.91 billion, a PE ratio of 17.94, a P/E/G ratio of 1.60 and a beta of 0.43. The business's 50 day simple moving average is $62.74 and its 200-day simple moving average is $59.45.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 16th were given a $0.5151 dividend. The ex-dividend date was Friday, May 16th. This is an increase from Unilever's previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a yield of 3.29%. Unilever's dividend payout ratio (DPR) 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.