Wealthspire Advisors LLC Purchases 642 Shares of Unilever PLC (NYSE:UL)

Wealthspire Advisors LLC raised its holdings in Unilever PLC (NYSE:UL) by 4.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,622 shares of the company’s stock after buying an additional 642 shares during the period. Wealthspire Advisors LLC’s holdings in Unilever were worth $829,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Stonegate Investment Group LLC lifted its holdings in Unilever by 155.2% during the 4th quarter. Stonegate Investment Group LLC now owns 8,415 shares of the company’s stock valued at $477,000 after purchasing an additional 5,117 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Unilever by 16.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 110,528 shares of the company’s stock worth $7,180,000 after purchasing an additional 15,941 shares during the period. Verition Fund Management LLC acquired a new stake in Unilever in the 3rd quarter worth about $11,694,000. WCM Investment Management LLC raised its holdings in Unilever by 236.2% in the 3rd quarter. WCM Investment Management LLC now owns 30,520 shares of the company’s stock valued at $1,997,000 after acquiring an additional 21,441 shares in the last quarter. Finally, Radnor Capital Management LLC acquired a new position in Unilever in the third quarter valued at about $1,388,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Trading Down 0.8 %

NYSE UL opened at $55.87 on Wednesday. The business’s 50-day moving average price is $56.66 and its two-hundred day moving average price is $60.01. Unilever PLC has a 12 month low of $46.46 and a 12 month high of $65.87.

Unilever Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a $0.4674 dividend. This represents a $1.87 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Friday, February 28th.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on UL shares. DZ Bank upgraded Unilever from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. StockNews.com lowered Unilever from a “buy” rating to a “hold” rating in a research report on Wednesday. Sanford C. Bernstein upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Erste Group Bank reissued a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Finally, Royal Bank of Canada downgraded Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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.