MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 1,586 Shares of Unilever PLC (NYSE:UL)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Unilever PLC (NYSE:UL) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,386 shares of the company’s stock after acquiring an additional 1,586 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Unilever were worth $3,537,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of UL. Raymond James Financial Inc. bought a new position in Unilever during the 4th quarter valued at approximately $176,806,000. Norges Bank bought a new position in Unilever during the 4th quarter valued at approximately $153,606,000. Clearbridge Investments LLC raised its position in Unilever by 140.1% during the 4th quarter. Clearbridge Investments LLC now owns 3,719,284 shares of the company’s stock valued at $210,883,000 after purchasing an additional 2,170,242 shares during the last quarter. Jennison Associates LLC raised its position in Unilever by 66.4% during the 4th quarter. Jennison Associates LLC now owns 3,454,686 shares of the company’s stock valued at $195,881,000 after purchasing an additional 1,378,517 shares during the last quarter. Finally, Fisher Asset Management LLC raised its position in Unilever by 7.3% during the 4th quarter. Fisher Asset Management LLC now owns 17,940,963 shares of the company’s stock valued at $1,017,253,000 after purchasing an additional 1,214,563 shares during the last quarter. Institutional investors own 9.67% of the company’s stock.

Unilever Stock Performance

UL stock opened at $62.47 on Tuesday. Unilever PLC has a fifty-two week low of $53.50 and a fifty-two week high of $65.87. The business’s 50 day moving average price is $61.14 and its two-hundred day moving average price is $58.84. The company has a market capitalization of $154.06 billion, a price-to-earnings ratio of 17.90, a price-to-earnings-growth ratio of 1.60 and a beta of 0.44.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 16th will be issued a dividend of $0.5151 per share. This is an increase from Unilever’s previous quarterly dividend of $0.47. The ex-dividend date is Friday, May 16th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.30%. Unilever’s dividend payout ratio is 59.03%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. UBS Group raised Unilever from a “strong sell” rating to a “hold” rating in a research report on Friday, May 2nd. DZ Bank raised Unilever from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Finally, StockNews.com lowered Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Unilever presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.50.

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.