Strive Asset Management LLC purchased a new stake in Unilever PLC (NYSE:UL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,536 shares of the company's stock, valued at approximately $541,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. SGL Investment Advisors Inc. grew its holdings in Unilever by 1.6% during the fourth quarter. SGL Investment Advisors Inc. now owns 55,752 shares of the company's stock valued at $3,297,000 after purchasing an additional 901 shares during the period. Royal Bank of Canada grew its holdings in shares of Unilever by 0.5% in the 4th quarter. Royal Bank of Canada now owns 2,926,892 shares of the company's stock valued at $165,955,000 after buying an additional 14,083 shares during the period. Quantinno Capital Management LP increased its position in shares of Unilever by 32.6% in the 4th quarter. Quantinno Capital Management LP now owns 147,724 shares of the company's stock valued at $8,376,000 after buying an additional 36,280 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Unilever by 2.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,386 shares of the company's stock worth $3,537,000 after buying an additional 1,586 shares during the period. Finally, Logan Capital Management Inc. lifted its holdings in Unilever by 1.6% during the fourth quarter. Logan Capital Management Inc. now owns 64,489 shares of the company's stock worth $3,657,000 after acquiring an additional 1,021 shares in the last quarter. 9.67% of the stock is currently owned by institutional investors.
Unilever Trading Up 0.4%
Shares of Unilever stock traded up $0.23 during trading on Friday, reaching $63.54. The stock had a trading volume of 680,787 shares, compared to its average volume of 2,729,244. The company has a market capitalization of $156.17 billion, a price-to-earnings ratio of 18.21, a P/E/G ratio of 1.60 and a beta of 0.44. The stock has a fifty day moving average price of $61.40 and a two-hundred day moving average price of $58.92. Unilever PLC has a 52 week low of $53.50 and a 52 week high of $65.87.
Unilever Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 16th will be given a $0.5151 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Friday, May 16th. This is a positive change from Unilever's previous quarterly dividend of $0.47. Unilever's dividend payout ratio (DPR) is currently 59.03%.
Analysts Set New Price Targets
UL has been the subject of several recent analyst reports. DZ Bank upgraded Unilever from a "hold" rating to a "buy" rating in a 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, UBS Group upgraded shares of Unilever from a "strong sell" rating to a "hold" rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $69.50.
Read Our Latest Stock Report on UL
About Unilever
(
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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