Fourpath Capital Management LLC Purchases Shares of 3,454 Unilever PLC (NYSE:UL)

Fourpath Capital Management LLC purchased a new stake in Unilever PLC (NYSE:UL) in the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 3,454 shares of the company’s stock, valued at approximately $206,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UL. Brighton Jones LLC boosted its position in Unilever by 5.4% in the 4th quarter. Brighton Jones LLC now owns 10,572 shares of the company’s stock valued at $599,000 after buying an additional 539 shares during the period. Stratos Wealth Partners LTD. boosted its position in Unilever by 13.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 9,432 shares of the company’s stock valued at $535,000 after buying an additional 1,118 shares during the period. Golden State Wealth Management LLC purchased a new position in Unilever in the 4th quarter valued at approximately $26,000. Stephens Inc. AR raised its holdings in shares of Unilever by 8.2% in the 4th quarter. Stephens Inc. AR now owns 61,192 shares of the company’s stock valued at $3,470,000 after purchasing an additional 4,644 shares in the last quarter. Finally, Kestra Private Wealth Services LLC raised its holdings in shares of Unilever by 17.2% in the 4th quarter. Kestra Private Wealth Services LLC now owns 19,657 shares of the company’s stock valued at $1,115,000 after purchasing an additional 2,887 shares in the last quarter. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Stock Up 0.5%

Shares of NYSE UL opened at $63.09 on Wednesday. The business has a 50-day moving average price of $62.47 and a 200 day moving average price of $59.37. The stock has a market cap of $155.05 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 1.60 and a beta of 0.43. Unilever PLC has a 52-week low of $54.32 and a 52-week high of $65.87.

Unilever Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 16th will be paid a $0.5151 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.06 dividend on an annualized basis and a yield of 3.27%. This is a boost from Unilever’s previous quarterly dividend of $0.47. Unilever’s payout ratio is currently 59.03%.

Wall Street Analysts Forecast Growth

UL has been the topic of a number of analyst reports. BNP Paribas upgraded shares of Unilever to a “strong-buy” rating in a report on Thursday, May 29th. DZ Bank upgraded shares of Unilever from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Wall Street Zen lowered shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, May 6th. UBS Group upgraded shares of Unilever from a “strong sell” rating to a “hold” rating in a report on Friday, May 2nd. Finally, BNP Paribas Exane initiated coverage on shares of Unilever in a report on Thursday, May 29th. They issued an “outperform” rating and a $73.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.67.

About Unilever

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.