Unilever PLC (NYSE:UL) Shares Bought by Lineweaver Wealth Advisors LLC

Lineweaver Wealth Advisors LLC raised its position in shares of Unilever PLC (NYSE:UL) by 3.2% during the 4th quarter, Holdings Channel reports. The firm owned 27,124 shares of the company’s stock after buying an additional 846 shares during the quarter. Lineweaver Wealth Advisors LLC’s holdings in Unilever were worth $1,538,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a report on Wednesday. Erste Group Bank restated 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 research report on Thursday, January 9th. DZ Bank upgraded Unilever from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Finally, Royal Bank of Canada lowered shares of Unilever from a “sector perform” rating to an “underperform” rating in a report on Monday, January 6th. Three research 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, the company has a consensus rating of “Hold” and an average price target of $61.75.

Unilever Stock Up 0.2 %

Shares of UL stock opened at $56.02 on Thursday. Unilever PLC has a 1-year low of $46.46 and a 1-year high of $65.87. The stock has a 50 day simple moving average of $56.63 and a 200-day simple moving average of $59.98.

Unilever Cuts Dividend

The business also recently declared 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 3.34%. The ex-dividend date of this dividend is Friday, February 28th.

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.