Allspring Global Investments Holdings LLC Purchases 98,275 Shares of Unilever PLC (NYSE:UL)

Allspring Global Investments Holdings LLC increased its holdings in shares of Unilever PLC (NYSE:UL - Free Report) by 14.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 762,085 shares of the company's stock after purchasing an additional 98,275 shares during the period. Allspring Global Investments Holdings LLC's holdings in Unilever were worth $36,946,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quilter Plc bought a new stake in shares of Unilever during the first quarter worth approximately $244,998,000. Fortis Capital Advisors LLC bought a new stake in shares of Unilever during the fourth quarter worth approximately $26,000. Life Planning Partners Inc bought a new stake in shares of Unilever during the fourth quarter worth approximately $27,000. Jones Financial Companies Lllp boosted its holdings 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 acquiring an additional 291 shares during the period. Finally, VisionPoint Advisory Group LLC boosted its holdings 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 acquiring an additional 400 shares during the period. Institutional investors own 9.67% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. StockNews.com upgraded Unilever from a "hold" rating to a "buy" rating in a research note on Saturday. Morgan Stanley cut Unilever from an "equal weight" rating to an "underweight" rating and cut their price target for the company from $52.00 to $48.00 in a research note on Tuesday, February 27th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $48.00.

Unilever Trading Down 1.9 %

Shares of UL stock traded down $0.89 during trading on Friday, hitting $46.76. The company had a trading volume of 3,179,445 shares, compared to its average volume of 2,409,746. The stock's 50-day moving average price is $49.52 and its 200 day moving average price is $48.61. Unilever PLC has a one year low of $46.16 and a one year high of $55.99.

Unilever Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, February 23rd were paid a $0.4582 dividend. This represents a $1.83 annualized dividend and a dividend yield of 3.92%. The ex-dividend date of this dividend was Thursday, February 22nd.

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.