Factory Mutual Insurance Co. bought a new stake in Unilever PLC (NYSE:UL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 579,900 shares of the company's stock, valued at approximately $34,533,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Pinion Investment Advisors LLC increased its position in Unilever by 139.4% in the 1st quarter. Pinion Investment Advisors LLC now owns 22,142 shares of the company's stock valued at $1,319,000 after acquiring an additional 12,892 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its position in Unilever by 57.4% during the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,080,615 shares of the company's stock worth $64,351,000 after purchasing an additional 393,968 shares during the period. Dynamic Advisor Solutions LLC acquired a new position in Unilever during the 1st quarter worth approximately $3,758,000. Opal Wealth Advisors LLC acquired a new stake in shares of Unilever in the 1st quarter worth approximately $63,000. Finally, Farmers & Merchants Investments Inc. grew its holdings in shares of Unilever by 3.4% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 5,840 shares of the company's stock worth $348,000 after acquiring an additional 194 shares during the period. 9.67% of the stock is owned by hedge funds and other institutional investors.
Unilever Trading Down 1.6%
Shares of NYSE UL traded down $1.03 on Friday, reaching $62.62. 1,987,927 shares of the company traded hands, compared to its average volume of 2,477,616. Unilever PLC has a fifty-two week low of $54.32 and a fifty-two week high of $65.87. The company has a 50 day moving average of $62.74 and a 200 day moving average of $59.45. The stock has a market capitalization of $153.91 billion, a PE ratio of 17.94, a P/E/G ratio of 1.60 and a beta of 0.43.
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 paid a dividend of $0.5151 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.29%. This is an increase from Unilever's previous quarterly dividend of $0.47. Unilever's dividend payout ratio is currently 59.03%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on UL shares. BNP Paribas Exane started coverage on Unilever in a report on Thursday, May 29th. They issued an "outperform" rating and a $73.00 price target on the stock. Wall Street Zen lowered Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. BNP Paribas raised Unilever to a "strong-buy" rating in a research note on Thursday, May 29th. DZ Bank raised Unilever from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Finally, UBS Group raised Unilever from a "strong sell" rating to a "hold" rating in a research note on Friday, May 2nd. One equities 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 given a strong buy rating to the company. According to data from MarketBeat, Unilever currently has an average rating of "Moderate Buy" and an average target price of $70.67.
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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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