Nixon Peabody Trust Co. 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 Securities & Exchange Commission. The institutional investor acquired 84,812 shares of the company's stock, valued at approximately $5,051,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in UL. Pinion Investment Advisors LLC grew its stake in shares of Unilever by 2.0% in the 4th quarter. Pinion Investment Advisors LLC now owns 9,250 shares of the company's stock worth $524,000 after buying an additional 177 shares in the last quarter. Tyler Stone Wealth Management lifted its holdings in shares of Unilever by 2.8% in the 4th quarter. Tyler Stone Wealth Management now owns 6,576 shares of the company's stock valued at $373,000 after acquiring an additional 180 shares during the last quarter. Ausdal Financial Partners Inc. grew its position in Unilever by 1.9% in the fourth quarter. Ausdal Financial Partners Inc. now owns 9,956 shares of the company's stock worth $565,000 after acquiring an additional 181 shares in the last quarter. Farmers & Merchants Investments Inc. increased its stake in Unilever by 3.4% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 5,646 shares of the company's stock worth $320,000 after acquiring an additional 185 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV increased its stake in Unilever by 6.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,966 shares of the company's stock worth $168,000 after acquiring an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 9.67% of the company's stock.
Analyst Ratings Changes
UL has been the subject of several analyst reports. DZ Bank raised Unilever from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Wall Street Zen lowered shares of Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. BNP Paribas Exane assumed coverage on shares of Unilever in a research report on Thursday, May 29th. They set an "outperform" rating and a $73.00 price objective on the stock. UBS Group upgraded shares of Unilever from a "strong sell" rating to a "hold" rating in a report on Friday, May 2nd. Finally, BNP Paribas upgraded shares of Unilever to a "strong-buy" rating in a report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Unilever presently has an average rating of "Moderate Buy" and an average price target of $70.67.
Read Our Latest Analysis on UL
Unilever Trading Up 0.0%
Shares of UL traded up $0.01 during trading hours on Thursday, reaching $63.09. 1,635,882 shares of the company traded hands, compared to its average volume of 2,491,987. The stock's fifty day moving average price is $62.27 and its 200 day moving average price is $59.22. The firm has a market cap of $155.06 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 1.60 and a beta of 0.44. Unilever PLC has a 12-month low of $54.32 and a 12-month high of $65.87.
Unilever Increases Dividend
The business 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 represents a $2.06 annualized dividend and a yield of 3.27%. This is a boost from Unilever's previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Friday, May 16th. Unilever's payout ratio is 59.03%.
Unilever Profile
(
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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