NBC Securities Inc. Has $580,000 Holdings in Unilever PLC (NYSE:UL)

NBC Securities Inc. grew its holdings in Unilever PLC (NYSE:UL - Free Report) by 97,350.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,745 shares of the company's stock after purchasing an additional 9,735 shares during the quarter. NBC Securities Inc.'s holdings in Unilever were worth $580,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pinion Investment Advisors LLC boosted its stake in shares of Unilever by 2.0% during the 4th quarter. Pinion Investment Advisors LLC now owns 9,250 shares of the company's stock worth $524,000 after buying an additional 177 shares during the last quarter. Tyler Stone Wealth Management boosted its stake in shares of Unilever by 2.8% during the 4th quarter. Tyler Stone Wealth Management now owns 6,576 shares of the company's stock worth $373,000 after buying an additional 180 shares during the last quarter. Ausdal Financial Partners Inc. boosted its stake in shares of Unilever by 1.9% during the 4th quarter. Ausdal Financial Partners Inc. now owns 9,956 shares of the company's stock worth $565,000 after buying an additional 181 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its stake in Unilever by 3.4% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 5,646 shares of the company's stock valued at $320,000 after purchasing an additional 185 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its stake in Unilever by 6.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,966 shares of the company's stock valued at $168,000 after purchasing an additional 185 shares during the last quarter. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Trading Down 0.1%

UL stock traded down $0.04 during mid-day trading on Friday, hitting $63.03. 1,661,225 shares of the company were exchanged, compared to its average volume of 2,493,984. The business has a 50 day simple moving average of $62.40 and a 200-day simple moving average of $59.32. The stock has a market capitalization of $154.91 billion, a PE ratio of 18.06, a price-to-earnings-growth ratio of 1.60 and a beta of 0.43. Unilever PLC has a 1-year low of $54.32 and a 1-year high of $65.87.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 16th will be given a dividend of $0.5151 per share. The ex-dividend date is Friday, May 16th. This is an increase from Unilever's previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a yield of 3.27%. Unilever's dividend payout ratio (DPR) is 59.03%.

Analyst Ratings Changes

Several brokerages recently issued reports on UL. BNP Paribas upgraded shares of Unilever to a "strong-buy" rating in a research note on Thursday, May 29th. UBS Group upgraded shares of Unilever from a "strong sell" rating to a "hold" rating in a research note on Friday, May 2nd. DZ Bank upgraded shares of Unilever from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Wall Street Zen downgraded shares of Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, BNP Paribas Exane began 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. One equities 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 given a strong buy rating to the company's stock. According to MarketBeat, Unilever currently has an average rating of "Moderate Buy" and an average price target of $70.67.

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.