Stonegate Investment Group LLC raised its holdings in shares of Unilever PLC (NYSE:UL - Free Report) by 69.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,282 shares of the company's stock after acquiring an additional 5,867 shares during the quarter. Stonegate Investment Group LLC's holdings in Unilever were worth $850,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of UL. PFG Investments LLC grew its stake in shares of Unilever by 7.1% in the 1st quarter. PFG Investments LLC now owns 11,286 shares of the company's stock valued at $672,000 after buying an additional 753 shares in the last quarter. Meriwether Wealth & Planning LLC grew its stake in shares of Unilever by 13.8% in the 1st quarter. Meriwether Wealth & Planning LLC now owns 17,676 shares of the company's stock valued at $1,053,000 after buying an additional 2,148 shares in the last quarter. Abundance Wealth Counselors grew its stake in shares of Unilever by 15.0% in the 1st quarter. Abundance Wealth Counselors now owns 25,183 shares of the company's stock valued at $1,470,000 after buying an additional 3,287 shares in the last quarter. Good Steward Wealth Advisors LLC bought a new stake in shares of Unilever in the 1st quarter valued at approximately $376,000. Finally, DecisionMap Wealth Management LLC grew its stake in shares of Unilever by 8.3% in the 1st quarter. DecisionMap Wealth Management LLC now owns 9,681 shares of the company's stock valued at $576,000 after buying an additional 745 shares in the last quarter. Hedge funds and other institutional investors own 9.67% of the company's stock.
Analyst Ratings Changes
Several equities research analysts recently commented on UL shares. Wall Street Zen cut Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. UBS Group raised Unilever from a "strong sell" rating to a "hold" rating in a research report on Friday, May 2nd. BNP Paribas Exane started coverage on Unilever in a research report on Thursday, May 29th. They set an "outperform" rating and a $73.00 target price for the company. Finally, BNP Paribas raised Unilever to a "strong-buy" rating in a research report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Unilever currently has a consensus rating of "Moderate Buy" and an average price target of $70.67.
View Our Latest Analysis on Unilever
Unilever Stock Down 1.5%
Shares of Unilever stock opened at $61.17 on Friday. The stock has a market capitalization of $150.14 billion, a P/E ratio of 17.53, a PEG ratio of 3.41 and a beta of 0.43. The stock has a 50 day moving average price of $62.98 and a two-hundred day moving average price of $59.54. Unilever PLC has a 12-month low of $54.32 and a 12-month high of $65.87.
Unilever Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 16th were given a dividend of $0.5151 per share. The ex-dividend date was Friday, May 16th. This represents a $2.06 dividend on an annualized basis and a yield of 3.37%. This is a boost from Unilever's previous quarterly dividend of $0.47. Unilever's dividend payout ratio is presently 59.03%.
Unilever Company 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.
Featured Articles
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.
Before you consider Unilever, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Unilever wasn't on the list.
While Unilever currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
