Private Advisor Group LLC Has $3.68 Million Stock Position in Unilever PLC (NYSE:UL)

Private Advisor Group LLC lifted its holdings in Unilever PLC (NYSE:UL) by 3.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 64,935 shares of the company’s stock after acquiring an additional 2,116 shares during the period. Private Advisor Group LLC’s holdings in Unilever were worth $3,682,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in shares of Unilever during the fourth quarter worth $26,000. Financial Life Planners acquired a new position in Unilever in the 4th quarter worth about $28,000. Roxbury Financial LLC bought a new position in Unilever in the fourth quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Unilever during the third quarter worth about $35,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Unilever in the fourth quarter valued at approximately $36,000. 9.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. Erste Group Bank reissued a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Sanford C. Bernstein upgraded Unilever from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. Royal Bank of Canada downgraded Unilever from a “sector perform” rating to an “underperform” rating in a report on Monday, January 6th. Finally, DZ Bank upgraded Unilever from a “hold” rating to a “buy” rating in a research report on Friday. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $61.75.

Unilever Stock Performance

Shares of Unilever stock opened at $56.14 on Monday. The stock’s 50-day moving average is $56.79 and its 200 day moving average is $60.08. Unilever PLC has a one year low of $46.46 and a one year high of $65.87.

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 issued a $0.4674 dividend. This represents a $1.87 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date is Friday, February 28th.

About Unilever

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.