Stablepoint Partners LLC Acquires 9,655 Shares of Unilever PLC (NYSE:UL)

Stablepoint Partners LLC raised its position in Unilever PLC (NYSE:UL - Free Report) by 10.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 100,165 shares of the company's stock after acquiring an additional 9,655 shares during the period. Unilever comprises approximately 1.1% of Stablepoint Partners LLC's holdings, making the stock its 26th largest holding. Stablepoint Partners LLC's holdings in Unilever were worth $5,965,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of Unilever in the 4th quarter worth approximately $176,806,000. Norges Bank acquired a new position in shares of Unilever in the 4th quarter worth approximately $153,606,000. Clearbridge Investments LLC raised its holdings in shares of Unilever by 140.1% in the 4th quarter. Clearbridge Investments LLC now owns 3,719,284 shares of the company's stock worth $210,883,000 after buying an additional 2,170,242 shares in the last quarter. Fisher Asset Management LLC raised its holdings 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 worth $1,017,253,000 after buying an additional 1,214,563 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Unilever by 401.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,465,523 shares of the company's stock worth $83,095,000 after buying an additional 1,173,298 shares in the last quarter. Institutional investors and hedge funds own 9.67% of the company's stock.

Unilever Trading Up 0.0%

UL stock opened at $63.09 on Friday. The business's 50-day moving average price is $62.34 and its two-hundred day moving average price is $59.26. The firm has a market cap of $155.06 billion, a PE ratio of 18.08, a P/E/G ratio of 1.60 and a beta of 0.44. Unilever PLC has a 1-year low of $54.32 and a 1-year high of $65.87.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 16th will be issued a dividend of $0.5151 per share. The ex-dividend date is Friday, May 16th. This is a positive change from Unilever's previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a yield of 3.27%. Unilever's payout ratio is currently 59.03%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. BNP Paribas raised Unilever to a "strong-buy" rating in a report on Thursday, May 29th. UBS Group raised Unilever from a "strong sell" rating to a "hold" rating in a report on Friday, May 2nd. DZ Bank upgraded Unilever from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Wall Street Zen lowered Unilever from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Finally, BNP Paribas Exane assumed coverage on Unilever in a research report on Thursday, May 29th. They issued an "outperform" rating and a $73.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock 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.

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