Unilever PLC (NYSE:UL) Shares Purchased by Baker Tilly Wealth Management LLC

Baker Tilly Wealth Management LLC raised its stake in Unilever PLC (NYSE:UL) by 218.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 11,456 shares of the company’s stock after purchasing an additional 7,864 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in Unilever were worth $650,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of UL. Abich Financial Wealth Management LLC increased its stake in shares of Unilever by 393.5% during the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock worth $29,000 after buying an additional 425 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Unilever in the 3rd quarter valued at approximately $35,000. Jamison Private Wealth Management Inc. raised its holdings in shares of Unilever by 202.5% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock valued at $39,000 after purchasing an additional 405 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Unilever during the 3rd quarter worth $40,000. Finally, Coastline Trust Co acquired a new position in shares of Unilever during the third quarter worth $48,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Trading Down 1.4 %

Shares of Unilever stock traded down $0.78 on Friday, hitting $55.36. The stock had a trading volume of 655,500 shares, compared to its average volume of 1,861,416. The company’s 50 day moving average price is $58.25 and its 200 day moving average price is $60.30. The stock has a market cap of $137.18 billion, a price-to-earnings ratio of 16.67, a P/E/G ratio of 1.80 and a beta of 0.49. Unilever PLC has a 52-week low of $46.46 and a 52-week high of $65.87.

Unilever Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 8th were issued a $0.4755 dividend. This is an increase from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 annualized dividend and a dividend yield of 3.44%. The ex-dividend date was Friday, November 8th. Unilever’s dividend payout ratio is presently 56.63%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on UL shares. StockNews.com cut Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Erste Group Bank reissued a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. Finally, Royal Bank of Canada downgraded Unilever from a “sector perform” rating to an “underperform” rating in a report on Monday. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $61.75.

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.