3,900 Shares in Unilever PLC (NYSE:UL) Acquired by MONECO Advisors LLC

MONECO Advisors LLC bought a new position in shares of Unilever PLC (NYSE:UL) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 3,900 shares of the company’s stock, valued at approximately $221,000.

Several other hedge funds have also added to or reduced their stakes in the business. Golden State Wealth Management LLC acquired a new position in shares of Unilever in the 4th quarter worth approximately $26,000. Financial Life Planners acquired a new position in shares of Unilever in the 4th quarter worth approximately $28,000. Roxbury Financial LLC acquired a new position in shares of Unilever in the 4th quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Unilever in the 3rd quarter worth approximately $35,000. Finally, Brooklyn Investment Group acquired a new position in shares of Unilever in the 3rd quarter worth approximately $40,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on UL. DZ Bank upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. 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. Erste Group Bank reiterated a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Sanford C. Bernstein upgraded shares of Unilever from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. Finally, StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $61.75.

Unilever Stock Performance

Shares of UL stock opened at $55.87 on Wednesday. The firm has a fifty day simple moving average of $56.66 and a two-hundred day simple moving average of $60.01. 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. Shareholders of record on Friday, February 28th will be paid a dividend of $0.4674 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.87 dividend on an annualized basis and a yield of 3.35%.

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.