Fifth Third Wealth Advisors LLC Acquires Shares of 4,252 Unilever PLC (NYSE:UL)

Fifth Third Wealth Advisors LLC acquired a new position in Unilever PLC (NYSE:UL - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,252 shares of the company's stock, valued at approximately $253,000.

Other hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new stake in shares of Unilever in the 4th quarter worth approximately $26,000. Financial Life Planners bought a new stake in shares of Unilever in the 4th quarter worth approximately $28,000. VSM Wealth Advisory LLC bought a new stake in shares of Unilever in the 4th quarter worth approximately $28,000. Roxbury Financial LLC bought a new stake in shares of Unilever in the 4th quarter worth approximately $30,000. Finally, Vermillion Wealth Management Inc. bought a new stake in shares of Unilever in the 4th quarter worth approximately $30,000. Institutional investors own 9.67% of the company's stock.

Unilever Price Performance

Shares of Unilever stock traded up $0.01 during midday trading on Thursday, hitting $63.09. 1,635,882 shares of the company were exchanged, compared to its average volume of 2,491,987. The firm has a 50 day simple moving average of $62.27 and a 200-day simple moving average of $59.22. Unilever PLC has a 52 week low of $54.32 and a 52 week high of $65.87. The firm has a market cap of $155.06 billion, a P/E ratio of 18.08, a PEG ratio of 1.60 and a beta of 0.44.

Unilever Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 16th will be given a $0.5151 dividend. This is an increase from Unilever's previous quarterly dividend of $0.47. The ex-dividend date is Friday, May 16th. This represents a $2.06 annualized dividend and a yield of 3.27%. Unilever's payout ratio is presently 59.03%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Wall Street Zen downgraded Unilever from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. BNP Paribas upgraded Unilever to a "strong-buy" rating in a research report on Thursday, May 29th. BNP Paribas Exane assumed coverage on Unilever in a research report on Thursday, May 29th. They set an "outperform" rating and a $73.00 target price for the company. DZ Bank upgraded Unilever from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Finally, UBS Group upgraded Unilever from a "strong sell" rating to a "hold" rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $70.67.

Unilever Company 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.