GAMMA Investing LLC Has $46.55 Million Position in Unilever PLC (NYSE:UL)

GAMMA Investing LLC raised its holdings in Unilever PLC (NYSE:UL - Free Report) by 7,286.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 781,713 shares of the company's stock after purchasing an additional 771,130 shares during the quarter. GAMMA Investing LLC's holdings in Unilever were worth $46,551,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Fisher Asset Management LLC increased its holdings in Unilever by 7.3% during the 4th quarter. Fisher Asset Management LLC now owns 17,940,963 shares of the company's stock worth $1,017,253,000 after purchasing an additional 1,214,563 shares during the period. Bank of America Corp DE grew its position in shares of Unilever by 3.4% in the 4th quarter. Bank of America Corp DE now owns 7,906,824 shares of the company's stock valued at $448,317,000 after buying an additional 257,538 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Unilever by 5.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,103,075 shares of the company's stock worth $289,345,000 after buying an additional 250,053 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Unilever by 9.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,830,532 shares of the company's stock valued at $217,191,000 after purchasing an additional 327,329 shares during the period. Finally, Clearbridge Investments LLC lifted its position in Unilever by 140.1% during the 4th quarter. Clearbridge Investments LLC now owns 3,719,284 shares of the company's stock worth $210,883,000 after acquiring an additional 2,170,242 shares during the period. Hedge funds and other institutional investors own 9.67% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on UL. UBS Group upgraded shares of Unilever from a "strong sell" rating to a "hold" rating in a research report on Friday, May 2nd. DZ Bank raised Unilever from a "hold" rating to a "buy" rating in a report on Friday, February 21st. BNP Paribas upgraded shares of Unilever to a "strong-buy" rating in a research report on Thursday, May 29th. BNP Paribas Exane assumed coverage on Unilever in a report on Thursday, May 29th. They issued an "outperform" rating and a $73.00 price target for the company. Finally, Wall Street Zen lowered shares of Unilever from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Unilever has an average rating of "Moderate Buy" and an average target price of $70.67.

Unilever Price Performance

Shares of NYSE:UL traded down $0.04 during midday trading on Friday, reaching $63.03. The company's stock had a trading volume of 1,661,225 shares, compared to its average volume of 2,493,984. The business's fifty day simple moving average is $62.40 and its 200-day simple moving average is $59.29. The company has a market capitalization of $154.91 billion, a P/E ratio of 18.06, a P/E/G ratio of 1.60 and a beta of 0.43. Unilever PLC has a fifty-two week low of $54.32 and a fifty-two week high of $65.87.

Unilever Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 16th will be issued a $0.5151 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.27%. This is a positive change from Unilever's previous quarterly dividend of $0.47. The ex-dividend date is Friday, May 16th. Unilever's payout ratio is 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.