Unilever PLC (NYSE:UL) Shares Purchased by 44 Wealth Management LLC

44 Wealth Management LLC grew its position in Unilever PLC (NYSE:UL - Free Report) by 75.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,255 shares of the company's stock after buying an additional 6,568 shares during the period. 44 Wealth Management LLC's holdings in Unilever were worth $908,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of UL. VSM Wealth Advisory LLC bought a new stake in shares of Unilever in the 4th quarter valued at about $28,000. Vermillion Wealth Management Inc. bought a new stake in shares of Unilever in the 4th quarter valued at about $30,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Unilever in the 4th quarter valued at about $39,000. Accredited Wealth Management LLC bought a new stake in shares of Unilever in the 4th quarter valued at about $43,000. Finally, Greenline Partners LLC bought a new stake in shares of Unilever in the 4th quarter valued at about $58,000. 9.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on UL shares. Wall Street Zen cut shares of Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. BNP Paribas upgraded shares of Unilever to a "strong-buy" rating in a research note on Thursday, May 29th. BNP Paribas Exane started coverage on shares of Unilever in a research note on Thursday, May 29th. They issued an "outperform" rating and a $73.00 target price for the company. Finally, UBS Group upgraded shares of Unilever from a "strong sell" rating to a "hold" rating in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $70.67.

Unilever Stock Performance

Shares of NYSE UL traded up $0.13 during mid-day trading on Friday, reaching $61.52. The company's stock had a trading volume of 991,909 shares, compared to its average volume of 2,496,586. The stock has a 50-day moving average of $62.59 and a two-hundred day moving average of $59.71. The stock has a market capitalization of $151.01 billion, a P/E ratio of 17.63, a P/E/G ratio of 3.81 and a beta of 0.41. 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 was paid on Friday, June 13th. Stockholders of record on Friday, May 16th were given a $0.5151 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.35%. This is a boost from Unilever's previous quarterly dividend of $0.47. The ex-dividend date was Friday, May 16th. Unilever's dividend payout ratio is 59.03%.

Unilever Company 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.