543 Shares in Unilever PLC (NYSE:UL) Bought by Mainstream Capital Management LLC

Mainstream Capital Management LLC acquired a new stake in shares of Unilever PLC (NYSE:UL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 543 shares of the company’s stock, valued at approximately $31,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Stonegate Investment Group LLC grew 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. Oppenheimer Asset Management Inc. boosted its position in shares of Unilever by 1.5% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 655,964 shares of the company’s stock valued at $37,193,000 after buying an additional 9,528 shares during the period. Verition Fund Management LLC bought a new position in shares of Unilever during the third quarter valued at approximately $11,694,000. WCM Investment Management LLC raised its holdings in shares of Unilever by 236.2% in the third quarter. WCM Investment Management LLC now owns 30,520 shares of the company’s stock worth $1,997,000 after buying an additional 21,441 shares during the period. Finally, Radnor Capital Management LLC bought a new stake in shares of Unilever during the 3rd quarter worth approximately $1,388,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Stock Performance

NYSE:UL opened at $57.99 on Wednesday. The firm has a 50-day simple moving average of $56.62 and a 200-day simple moving average of $59.87. Unilever PLC has a one year low of $46.46 and a one year high of $65.87. The firm has a market cap of $143.90 billion, a P/E ratio of 16.62, a P/E/G ratio of 1.60 and a beta of 0.47.

Unilever Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a $0.4674 dividend. This represents a $1.87 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Friday, February 28th. Unilever’s dividend payout ratio (DPR) is 53.01%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on UL shares. DZ Bank upgraded Unilever from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. StockNews.com cut shares of Unilever from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Sanford C. Bernstein raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Finally, Royal Bank of Canada downgraded shares of Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.33.

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.