Unilever PLC (NYSE:UL) Position Increased by Holderness Investments Co.

Holderness Investments Co. boosted its holdings in Unilever PLC (NYSE:UL) by 10.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,925 shares of the company’s stock after buying an additional 383 shares during the quarter. Holderness Investments Co.’s holdings in Unilever were worth $223,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Stokes Family Office LLC acquired a new position in Unilever in the 4th quarter worth approximately $214,000. VSM Wealth Advisory LLC acquired a new stake in shares of Unilever in the fourth quarter worth $28,000. Brooklyn FI LLC purchased a new position in shares of Unilever during the fourth quarter valued at $511,000. ProVise Management Group LLC raised its position in Unilever by 4.4% during the fourth quarter. ProVise Management Group LLC now owns 172,993 shares of the company’s stock valued at $9,809,000 after buying an additional 7,304 shares during the period. Finally, Horizon Investments LLC lifted its stake in Unilever by 94.1% in the 4th quarter. Horizon Investments LLC now owns 33,546 shares of the company’s stock worth $1,902,000 after acquiring an additional 16,266 shares in the last quarter. Institutional investors own 9.67% of the company’s stock.

Unilever Trading Down 1.0 %

Unilever stock opened at $58.64 on Friday. The company has a market capitalization of $145.50 billion, a P/E ratio of 16.80, a P/E/G ratio of 1.60 and a beta of 0.47. Unilever PLC has a 1-year low of $46.46 and a 1-year high of $65.87. The firm’s fifty day simple moving average is $57.28 and its 200-day simple moving average is $59.53.

Unilever Cuts Dividend

The business also recently declared 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. The ex-dividend date is Friday, February 28th. This represents a $1.87 dividend on an annualized basis and a dividend yield of 3.19%. Unilever’s dividend payout ratio is currently 53.01%.

Wall Street Analyst Weigh In

Several research firms have weighed in on UL. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. Sanford C. Bernstein raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Royal Bank of Canada downgraded shares of Unilever from a “sector perform” rating to an “underperform” rating in a research report on Monday, January 6th. Finally, DZ Bank upgraded shares of Unilever from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $66.33.

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.