Forum Financial Management LP Buys 5,566 Shares of Unilever PLC (NYSE:UL)

Forum Financial Management LP increased its stake in shares of Unilever PLC (NYSE:UL - Free Report) by 90.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,728 shares of the company's stock after buying an additional 5,566 shares during the quarter. Forum Financial Management LP's holdings in Unilever were worth $665,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Golden State Wealth Management LLC acquired a new position in shares of Unilever during the 4th quarter worth about $26,000. Financial Life Planners purchased a new position in shares of Unilever during the 4th quarter worth approximately $28,000. VSM Wealth Advisory LLC purchased a new position in shares of Unilever during the 4th quarter worth approximately $28,000. Roxbury Financial LLC purchased a new position in Unilever in the 4th quarter valued at approximately $30,000. Finally, Mainstream Capital Management LLC purchased a new position in Unilever in the 4th quarter valued at approximately $31,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Price Performance

NYSE:UL traded up $0.12 during trading hours on Friday, reaching $63.69. The company's stock had a trading volume of 1,417,733 shares, compared to its average volume of 2,503,785. The company has a market cap of $156.54 billion, a price-to-earnings ratio of 18.24, a price-to-earnings-growth ratio of 1.60 and a beta of 0.44. Unilever PLC has a one year low of $54.02 and a one year high of $65.87. The business's 50-day moving average is $61.89 and its 200-day moving average is $59.06.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 16th will be paid a $0.5151 dividend. The ex-dividend date is Friday, May 16th. This is a positive change from Unilever's previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a yield of 3.23%. Unilever's dividend payout ratio (DPR) is presently 59.03%.

Analysts Set New Price Targets

Several research firms have recently issued reports on UL. UBS Group raised shares of Unilever from a "strong sell" rating to a "hold" rating in a research report on Friday, May 2nd. Wall Street Zen lowered shares of Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. DZ Bank upgraded shares of Unilever from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. BNP Paribas upgraded shares of Unilever to a "strong-buy" rating in a research report on Thursday. Finally, BNP Paribas Exane initiated coverage on shares of Unilever in a research report on Thursday. They issued an "outperform" rating and a $73.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $70.67.

Unilever 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.