37,284 Shares in Unilever PLC (NYSE:UL) Acquired by Greenup Street Wealth Management LLC

Greenup Street Wealth Management LLC bought a new stake in shares of Unilever PLC (NYSE:UL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 37,284 shares of the company's stock, valued at approximately $1,808,000.

A number of other institutional investors also recently modified their holdings of UL. Citigroup Inc. lifted its stake in shares of Unilever by 51.1% in the 3rd quarter. Citigroup Inc. now owns 672,859 shares of the company's stock valued at $33,239,000 after purchasing an additional 227,681 shares during the last quarter. Principal Securities Inc. acquired a new stake in shares of Unilever in the 4th quarter valued at $1,131,000. Levin Capital Strategies L.P. lifted its stake in shares of Unilever by 35.7% in the 4th quarter. Levin Capital Strategies L.P. now owns 428,269 shares of the company's stock valued at $20,762,000 after purchasing an additional 112,677 shares during the last quarter. Manning & Napier Group LLC lifted its stake in shares of Unilever by 1.4% in the 4th quarter. Manning & Napier Group LLC now owns 3,332,954 shares of the company's stock valued at $161,582,000 after purchasing an additional 47,256 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of Unilever by 3,718.5% in the 4th quarter. International Assets Investment Management LLC now owns 171,641 shares of the company's stock valued at $8,321,000 after purchasing an additional 167,146 shares during the last quarter. Institutional investors and hedge funds own 9.67% of the company's stock.

Analyst Upgrades and Downgrades

UL has been the subject of several analyst reports. Argus lifted their price objective on shares of Unilever from $58.00 to $60.00 and gave the company a "buy" rating in a research note on Wednesday, May 8th. StockNews.com raised shares of Unilever from a "hold" rating to a "buy" rating in a research report on Wednesday, May 1st. Finally, Morgan Stanley lowered shares of Unilever from an "equal weight" rating to an "underweight" rating and cut their target price for the stock from $52.00 to $48.00 in a research report on Tuesday, February 27th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $54.00.

Unilever Stock Performance

Shares of NYSE:UL traded up $0.68 on Friday, hitting $54.75. 2,610,550 shares of the company were exchanged, compared to its average volume of 3,365,699. The company's 50 day moving average price is $50.07 and its two-hundred day moving average price is $49.08. Unilever PLC has a one year low of $46.16 and a one year high of $54.86.

Unilever Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be given a dividend of $0.4556 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend is Thursday, May 16th.

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.