Procyon Advisors LLC Has $4.06 Million Stock Holdings in Unilever PLC (NYSE:UL)

Procyon Advisors LLC raised its position in Unilever PLC (NYSE:UL - Free Report) by 92.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 68,122 shares of the company's stock after purchasing an additional 32,789 shares during the period. Procyon Advisors LLC's holdings in Unilever were worth $4,057,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Fisher Asset Management LLC grew its position in shares of Unilever by 7.3% in the 4th quarter. Fisher Asset Management LLC now owns 17,940,963 shares of the company's stock valued at $1,017,253,000 after purchasing an additional 1,214,563 shares during the period. Bank of America Corp DE lifted its stake in Unilever by 3.4% in the fourth quarter. Bank of America Corp DE now owns 7,906,824 shares of the company's stock valued at $448,317,000 after buying an additional 257,538 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Unilever by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,103,075 shares of the company's stock valued at $289,345,000 after buying an additional 250,053 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Unilever by 9.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,830,532 shares of the company's stock valued at $217,191,000 after buying an additional 327,329 shares during the period. Finally, Clearbridge Investments LLC increased its position in shares of Unilever by 140.1% during the fourth quarter. Clearbridge Investments LLC now owns 3,719,284 shares of the company's stock worth $210,883,000 after acquiring an additional 2,170,242 shares in the last quarter. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Unilever Trading Down 0.1%

Shares of NYSE UL traded down $0.04 during mid-day trading on Friday, hitting $63.03. The company had a trading volume of 1,661,225 shares, compared to its average volume of 2,491,595. The firm has a 50-day simple moving average of $62.34 and a two-hundred day simple moving average of $59.26. The company has a market capitalization of $154.91 billion, a PE ratio of 18.06, a price-to-earnings-growth ratio of 1.60 and a beta of 0.44. Unilever PLC has a one year low of $54.32 and a one year high of $65.87.

Unilever Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 16th will be paid a $0.5151 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.27%. This is an increase from Unilever's previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Friday, May 16th. Unilever's dividend payout ratio (DPR) is currently 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.