Unilever PLC (NYSE:UL) Shares Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC boosted its holdings in shares of Unilever PLC (NYSE:UL - Free Report) by 27.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,376 shares of the company's stock after buying an additional 13,107 shares during the period. Park Avenue Securities LLC's holdings in Unilever were worth $3,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Pinion Investment Advisors LLC increased its position in Unilever by 2.0% during the 4th quarter. Pinion Investment Advisors LLC now owns 9,250 shares of the company's stock valued at $524,000 after buying an additional 177 shares in the last quarter. Tyler Stone Wealth Management increased its position in Unilever by 2.8% during the 4th quarter. Tyler Stone Wealth Management now owns 6,576 shares of the company's stock valued at $373,000 after buying an additional 180 shares in the last quarter. Ausdal Financial Partners Inc. increased its position in Unilever by 1.9% during the 4th quarter. Ausdal Financial Partners Inc. now owns 9,956 shares of the company's stock valued at $565,000 after buying an additional 181 shares in the last quarter. Creative Financial Designs Inc. ADV increased its position in Unilever by 6.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,966 shares of the company's stock valued at $168,000 after buying an additional 185 shares in the last quarter. Finally, Modern Wealth Management LLC increased its holdings in shares of Unilever by 1.4% in the fourth quarter. Modern Wealth Management LLC now owns 13,654 shares of the company's stock valued at $796,000 after purchasing an additional 190 shares during the period. 9.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. BNP Paribas Exane assumed coverage on Unilever in a report on Thursday, May 29th. They issued an "outperform" rating and a $73.00 price objective on the stock. UBS Group raised Unilever from a "strong sell" rating to a "hold" rating in a report on Friday, May 2nd. DZ Bank raised Unilever from a "hold" rating to a "buy" rating in a report on Friday, February 21st. BNP Paribas raised Unilever to a "strong-buy" rating in a report on Thursday, May 29th. Finally, Wall Street Zen lowered Unilever from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. One 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 assigned a strong buy rating to the company. According to MarketBeat.com, Unilever presently has an average rating of "Moderate Buy" and a consensus price target of $70.67.

Unilever Stock Performance

Unilever stock traded down $1.03 during midday trading on Friday, hitting $62.62. 1,987,927 shares of the company were exchanged, compared to its average volume of 2,481,623. The firm has a market capitalization of $153.91 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 1.60 and a beta of 0.43. Unilever PLC has a fifty-two week low of $54.32 and a fifty-two week high of $65.87. The business has a fifty day simple moving average of $62.64 and a two-hundred day simple moving average of $59.43.

Unilever Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 16th will be issued a dividend of $0.5151 per share. This represents a $2.06 annualized dividend and a yield of 3.29%. This is a positive change from Unilever's previous quarterly dividend of $0.47. The ex-dividend date is Friday, May 16th. Unilever's dividend payout ratio (DPR) is 59.03%.

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.