Prime Capital Investment Advisors LLC Raises Stake in Unilever PLC (NYSE:UL)

Prime Capital Investment Advisors LLC grew its position in Unilever PLC (NYSE:UL - Free Report) by 532.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,638 shares of the company's stock after purchasing an additional 66,212 shares during the quarter. Prime Capital Investment Advisors LLC's holdings in Unilever were worth $3,812,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Fortis Capital Advisors LLC acquired a new stake in shares of Unilever during the fourth quarter worth $26,000. Jones Financial Companies Lllp lifted its stake in shares of Unilever by 111.5% during the third quarter. Jones Financial Companies Lllp now owns 552 shares of the company's stock worth $27,000 after buying an additional 291 shares during the period. Life Planning Partners Inc acquired a new stake in shares of Unilever during the fourth quarter worth $27,000. VisionPoint Advisory Group LLC lifted its stake in shares of Unilever by 215.1% during the third quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company's stock worth $29,000 after buying an additional 400 shares during the period. Finally, Barrett & Company Inc. lifted its stake in shares of Unilever by 51.5% during the third quarter. Barrett & Company Inc. now owns 606 shares of the company's stock worth $30,000 after buying an additional 206 shares during the period. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Trading Down 0.6 %

NYSE UL traded down $0.28 on Friday, reaching $48.44. 2,242,062 shares of the company's stock traded hands, compared to its average volume of 2,483,771. The stock has a 50 day moving average price of $49.64 and a 200-day moving average price of $48.68. Unilever PLC has a fifty-two week low of $46.16 and a fifty-two week high of $55.99.

Unilever Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, February 23rd were issued a $0.4582 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.83 dividend on an annualized basis and a yield of 3.78%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on UL shares. Sanford C. Bernstein upgraded shares of Unilever from an "underperform" rating to a "market perform" rating in a research note on Monday, December 11th. Morgan Stanley downgraded shares of Unilever from an "equal weight" rating to an "underweight" rating and decreased their target price for the company from $52.00 to $48.00 in a research report on Tuesday, February 27th. StockNews.com downgraded shares of Unilever from a "buy" rating to a "hold" rating in a research report on Friday. Finally, Jefferies Financial Group downgraded shares of Unilever from a "buy" rating to an "underperform" rating in a research report on Monday, December 11th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $48.00.

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.