16,253 Shares in Unilever PLC (NYSE:UL) Bought by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC acquired a new stake in Unilever PLC (NYSE:UL - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 16,253 shares of the company's stock, valued at approximately $968,000.

A number of other hedge funds have also made changes to their positions in UL. VSM Wealth Advisory LLC acquired a new stake in shares of Unilever during the fourth quarter worth $28,000. Vermillion Wealth Management Inc. acquired a new stake in Unilever during the 4th quarter worth about $30,000. Murphy & Mullick Capital Management Corp purchased a new stake in Unilever during the fourth quarter valued at about $39,000. Accredited Wealth Management LLC acquired a new position in shares of Unilever in the fourth quarter worth about $43,000. Finally, Greenline Partners LLC purchased a new position in shares of Unilever in the fourth quarter worth approximately $58,000. Institutional investors and hedge funds own 9.67% of the company's stock.

Unilever Trading Up 0.4%

Unilever stock traded up $0.22 during mid-day trading on Monday, hitting $61.01. 2,399,724 shares of the company's stock were exchanged, compared to its average volume of 2,572,740. Unilever PLC has a 1-year low of $54.32 and a 1-year high of $65.87. The stock has a 50 day moving average of $62.37 and a two-hundred day moving average of $59.86. The stock has a market cap of $149.75 billion, a P/E ratio of 17.48, a P/E/G ratio of 3.86 and a beta of 0.41.

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 issued a dividend of $0.5151 per share. This is a positive change from Unilever's previous quarterly dividend of $0.47. The ex-dividend date was Friday, May 16th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.38%. Unilever's dividend payout ratio is currently 59.03%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on UL shares. Wall Street Zen cut shares of Unilever from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. BNP Paribas Exane began coverage on Unilever in a report on Thursday, May 29th. They set an "outperform" rating and a $73.00 price target on the stock. UBS Group raised Unilever from a "strong sell" rating to a "hold" rating in a research note on Friday, May 2nd. Finally, BNP Paribas raised Unilever to a "strong-buy" rating in a research note on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average 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.