Dynamic Technology Lab Private Ltd Invests $771,000 in Unilever PLC (NYSE:UL)

Dynamic Technology Lab Private Ltd purchased a new stake in Unilever PLC (NYSE:UL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 15,912 shares of the company's stock, valued at approximately $771,000.

Other hedge funds have also bought and sold shares of the company. Life Planning Partners Inc acquired a new stake in Unilever in the 4th quarter valued at $27,000. Jones Financial Companies Lllp lifted its stake in Unilever by 111.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 552 shares of the company's stock valued at $27,000 after acquiring an additional 291 shares in the last quarter. VisionPoint Advisory Group LLC lifted its stake in Unilever by 215.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company's stock valued at $29,000 after acquiring an additional 400 shares in the last quarter. Evolution Advisers Inc. bought a new position in Unilever during the 4th quarter valued at $34,000. Finally, First United Bank & Trust bought a new position in Unilever during the 4th quarter valued at $40,000. Institutional investors and hedge funds own 9.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on UL. StockNews.com upgraded Unilever from a "hold" rating to a "buy" rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. upgraded Unilever from an "underweight" rating to an "overweight" rating in a research note on Thursday. Morgan Stanley cut Unilever from an "equal weight" rating to an "underweight" rating and dropped their price objective for the company from $52.00 to $48.00 in a research note on Tuesday, February 27th. Finally, Argus lifted their target price on Unilever from $58.00 to $60.00 and gave the stock a "buy" rating in a research note on Wednesday, May 8th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $54.00.

Unilever Trading Up 0.3 %

Shares of NYSE UL traded up $0.16 during mid-day trading on Thursday, reaching $54.37. 2,296,950 shares of the company's stock were exchanged, compared to its average volume of 2,867,155. Unilever PLC has a 52 week low of $46.16 and a 52 week high of $54.98. The firm has a 50-day moving average price of $50.34 and a two-hundred day moving average price of $49.23.

Unilever Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be paid a $0.4556 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date is Thursday, May 16th.

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.