Strive Asset Management LLC Acquires Shares of 9,536 Unilever PLC (NYSE:UL)

Strive Asset Management LLC acquired a new stake in shares of Unilever PLC (NYSE:UL - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 9,536 shares of the company's stock, valued at approximately $541,000.

Several other institutional investors have also bought and sold shares of UL. Golden State Wealth Management LLC purchased a new stake in shares of Unilever in the fourth quarter valued at $26,000. Financial Life Planners purchased a new position in Unilever in the 4th quarter worth about $28,000. VSM Wealth Advisory LLC purchased a new position in Unilever in the 4th quarter worth about $28,000. Roxbury Financial LLC purchased a new position in Unilever in the 4th quarter worth about $30,000. Finally, Mainstream Capital Management LLC purchased a new position in Unilever in the 4th quarter worth about $31,000. Institutional investors own 9.67% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on UL shares. DZ Bank upgraded shares of Unilever from a "hold" rating to a "buy" rating in a report on Friday, February 21st. UBS Group upgraded shares of Unilever from a "strong sell" rating to a "hold" rating in a research note on Friday, May 2nd. Finally, StockNews.com cut shares of Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Unilever currently has an average rating of "Moderate Buy" and a consensus price target of $69.50.

Unilever Stock Down 0.1%

Shares of UL opened at $61.78 on Friday. The company has a market capitalization of $152.37 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 1.60 and a beta of 0.44. Unilever PLC has a 52-week low of $53.50 and a 52-week high of $65.87. The stock has a 50 day moving average price of $61.07 and a 200 day moving average price of $58.85.

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 dividend of $0.5151 per share. The ex-dividend date of this dividend is Friday, May 16th. This is an increase from Unilever's previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a dividend yield of 3.33%. Unilever's dividend payout ratio (DPR) is currently 59.03%.

Unilever 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.

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