Edge Capital Group LLC Boosts Stake in Unilever PLC (NYSE:UL)

Edge Capital Group LLC grew its stake in Unilever PLC (NYSE:UL) by 3,569.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 152,932 shares of the company’s stock after purchasing an additional 148,764 shares during the quarter. Edge Capital Group LLC’s holdings in Unilever were worth $8,671,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of UL. Golden State Wealth Management LLC acquired a new stake in shares of Unilever in the 4th quarter valued at about $26,000. Financial Life Planners acquired a new stake in shares of Unilever in the 4th quarter valued at about $28,000. Roxbury Financial LLC acquired a new stake in shares of Unilever in the 4th quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Unilever in the 3rd quarter valued at about $35,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Unilever in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Stock Performance

NYSE UL opened at $56.14 on Monday. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87. The company has a 50-day moving average price of $56.79 and a two-hundred day moving average price of $60.08.

Unilever Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a $0.4674 dividend. This represents a $1.87 annualized dividend and a yield of 3.33%. The ex-dividend date is Friday, February 28th.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Erste Group Bank restated a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Royal Bank of Canada lowered shares of Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. DZ Bank upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Sanford C. Bernstein upgraded shares of Unilever from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. Three analysts have rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” 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.