QV Investors Inc. trimmed its position in Unilever PLC (NYSE:UL - Free Report) by 8.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 211,914 shares of the company's stock after selling 18,990 shares during the quarter. Unilever accounts for approximately 1.3% of QV Investors Inc.'s portfolio, making the stock its 29th largest holding. QV Investors Inc.'s holdings in Unilever were worth $12,619,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new stake in shares of Unilever in the fourth quarter valued at about $26,000. Financial Life Planners acquired a new stake in shares of Unilever in the fourth quarter valued at about $28,000. VSM Wealth Advisory LLC acquired a new stake in shares of Unilever in the fourth quarter valued at about $28,000. Roxbury Financial LLC acquired a new stake in shares of Unilever in the fourth quarter valued at about $30,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in shares of Unilever in the fourth quarter valued at about $30,000. 9.67% of the stock is currently owned by hedge funds and other institutional investors.
Unilever Price Performance
Shares of NYSE UL traded down $0.05 during mid-day trading on Thursday, hitting $63.03. The company had a trading volume of 847,457 shares, compared to its average volume of 2,488,882. The stock has a market cap of $154.91 billion, a price-to-earnings ratio of 18.06, 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. The firm's 50 day simple moving average is $62.27 and its two-hundred day simple moving average is $59.22.
Unilever Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 16th will be issued a $0.5151 dividend. This is an increase from Unilever's previous quarterly dividend of $0.47. The ex-dividend date is Friday, May 16th. This represents a $2.06 annualized dividend and a dividend yield of 3.27%. Unilever's dividend payout ratio (DPR) is 59.03%.
Analyst Ratings Changes
A number of equities research analysts have weighed in on UL shares. DZ Bank upgraded Unilever from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. BNP Paribas upgraded Unilever to a "strong-buy" rating in a research note on Thursday, May 29th. BNP Paribas Exane started coverage on Unilever in a research note on Thursday, May 29th. They set an "outperform" rating and a $73.00 price objective for the company. Wall Street Zen lowered Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, UBS Group raised Unilever from a "strong sell" rating to a "hold" rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $70.67.
Read Our Latest Stock Analysis on UL
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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