Allworth Financial LP Acquires 150,107 Shares of Unilever PLC (NYSE:UL)

Allworth Financial LP grew its holdings in shares of Unilever PLC (NYSE:UL) by 1,351.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 161,211 shares of the company’s stock after acquiring an additional 150,107 shares during the quarter. Allworth Financial LP’s holdings in Unilever were worth $9,036,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Golden State Wealth Management LLC bought a new position in Unilever in the fourth quarter valued at $26,000. Financial Life Planners purchased a new position in shares of Unilever in the 4th quarter worth about $28,000. Roxbury Financial LLC bought a new position in shares of Unilever during the 4th quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Unilever during the 3rd quarter valued at about $35,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in Unilever in the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Stock Performance

UL stock opened at $54.89 on Monday. The firm’s 50-day moving average price is $57.13 and its two-hundred day moving average price is $60.30. Unilever PLC has a 12-month low of $46.46 and a 12-month high of $65.87.

Unilever Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a dividend of $0.4674 per share. The ex-dividend date is Friday, February 28th. This represents a $1.87 dividend on an annualized basis and a yield of 3.41%.

Analyst Upgrades and Downgrades

UL has been the topic of several research reports. Royal Bank of Canada downgraded shares of Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. Sanford C. Bernstein raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Finally, StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $61.75.

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.