TrueMark Investments LLC Invests $1.18 Million in Unilever PLC (NYSE:UL)

TrueMark Investments LLC bought a new position in Unilever PLC (NYSE:UL - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 19,792 shares of the company's stock, valued at approximately $1,179,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Brighton Jones LLC raised its stake in shares of Unilever by 5.4% in the fourth quarter. Brighton Jones LLC now owns 10,572 shares of the company's stock worth $599,000 after buying an additional 539 shares during the period. Venturi Wealth Management LLC raised its stake in Unilever by 814.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,234 shares of the company's stock worth $70,000 after acquiring an additional 1,099 shares during the period. Private Advisor Group LLC lifted its holdings in Unilever by 3.4% during the fourth quarter. Private Advisor Group LLC now owns 64,935 shares of the company's stock valued at $3,682,000 after purchasing an additional 2,116 shares in the last quarter. Ieq Capital LLC lifted its holdings in Unilever by 15.7% during the fourth quarter. Ieq Capital LLC now owns 13,946 shares of the company's stock valued at $791,000 after purchasing an additional 1,891 shares in the last quarter. Finally, Transcend Capital Advisors LLC boosted its position in shares of Unilever by 2.5% in the fourth quarter. Transcend Capital Advisors LLC now owns 11,485 shares of the company's stock worth $651,000 after purchasing an additional 283 shares during the period. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on UL. BNP Paribas upgraded shares of Unilever to a "strong-buy" rating in a research 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. Wall Street Zen downgraded Unilever from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Finally, BNP Paribas Exane initiated coverage on Unilever in a research note on Thursday, May 29th. They issued an "outperform" rating and a $73.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Unilever has a consensus rating of "Moderate Buy" and an average target price of $70.67.

Unilever Stock Performance

Shares of NYSE:UL opened at $61.17 on Monday. The firm has a market cap of $150.14 billion, a price-to-earnings ratio of 17.53, a P/E/G ratio of 3.41 and a beta of 0.43. The firm has a fifty day moving average price of $62.98 and a 200 day moving average price of $59.54. Unilever PLC has a fifty-two week low of $54.32 and a fifty-two week high of $65.87.

Unilever Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 16th were paid a $0.5151 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.06 annualized dividend and a yield of 3.37%. This is a boost from Unilever's previous quarterly dividend of $0.47. Unilever's payout ratio is presently 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.

Want to see what other hedge funds are holding UL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unilever PLC (NYSE:UL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.