Unilever PLC (NYSE:UL) Shares Purchased by 44 Wealth Management LLC

44 Wealth Management LLC lifted its holdings in Unilever PLC (NYSE:UL) by 75.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,255 shares of the company’s stock after acquiring an additional 6,568 shares during the period. 44 Wealth Management LLC’s holdings in Unilever were worth $908,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in UL. Mission Wealth Management LP lifted its stake in shares of Unilever by 1.4% during the first quarter. Mission Wealth Management LP now owns 11,497 shares of the company’s stock worth $685,000 after purchasing an additional 159 shares in the last quarter. Essex Financial Services Inc. grew its position in Unilever by 1.0% in the first quarter. Essex Financial Services Inc. now owns 16,246 shares of the company’s stock valued at $967,000 after acquiring an additional 168 shares in the last quarter. Cardinal Capital Management raised its stake in shares of Unilever by 0.4% during the first quarter. Cardinal Capital Management now owns 39,953 shares of the company’s stock valued at $2,379,000 after purchasing an additional 176 shares during the period. Tyler Stone Wealth Management lifted its position in shares of Unilever by 2.8% during the fourth quarter. Tyler Stone Wealth Management now owns 6,576 shares of the company’s stock worth $373,000 after purchasing an additional 180 shares in the last quarter. Finally, Ausdal Financial Partners Inc. lifted its position in shares of Unilever by 1.9% during the fourth quarter. Ausdal Financial Partners Inc. now owns 9,956 shares of the company’s stock worth $565,000 after purchasing an additional 181 shares in the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on UL shares. UBS Group raised shares of Unilever from a “strong sell” rating to a “hold” rating in a report on Friday, May 2nd. BNP Paribas Exane initiated coverage on Unilever in a research report on Thursday, May 29th. They set an “outperform” rating and a $73.00 target price on the stock. Wall Street Zen cut Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. Finally, BNP Paribas upgraded Unilever to a “strong-buy” rating in a report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $70.67.

Unilever Trading Up 0.2%

Shares of NYSE UL opened at $61.52 on Friday. The firm has a 50-day moving average of $62.61 and a two-hundred day moving average of $59.69. The company has a market capitalization of $151.01 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 3.82 and a beta of 0.41. Unilever PLC has a twelve month low of $54.32 and a twelve month high of $65.87.

Unilever Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 16th were issued a $0.5151 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.35%. This is a boost from Unilever’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Friday, May 16th. Unilever’s payout ratio is presently 59.03%.

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.