14,266 Shares in Unilever PLC (NYSE:UL) Acquired by Unique Wealth Strategies LLC

Unique Wealth Strategies LLC purchased a new position in shares of Unilever PLC (NYSE:UL) in the 4th quarter, Holdings Channel reports. The firm purchased 14,266 shares of the company’s stock, valued at approximately $692,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. FMR LLC increased its position in Unilever by 6.4% during the third quarter. FMR LLC now owns 8,548,447 shares of the company’s stock worth $422,293,000 after purchasing an additional 515,088 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Unilever by 35.3% in the third quarter. Envestnet Asset Management Inc. now owns 4,748,095 shares of the company’s stock worth $234,556,000 after acquiring an additional 1,238,734 shares in the last quarter. Royal Bank of Canada increased its position in shares of Unilever by 1.8% in the third quarter. Royal Bank of Canada now owns 3,819,083 shares of the company’s stock worth $188,664,000 after acquiring an additional 67,190 shares in the last quarter. Raymond James & Associates increased its position in shares of Unilever by 2.1% in the third quarter. Raymond James & Associates now owns 3,454,530 shares of the company’s stock worth $170,654,000 after acquiring an additional 72,277 shares in the last quarter. Finally, Manning & Napier Group LLC increased its position in shares of Unilever by 1.4% in the fourth quarter. Manning & Napier Group LLC now owns 3,332,954 shares of the company’s stock worth $161,582,000 after acquiring an additional 47,256 shares in the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Analysts Set New Price Targets

UL has been the subject of several recent research reports. Morgan Stanley lowered shares of Unilever from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $52.00 to $48.00 in a research report on Tuesday, February 27th. StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $48.00.

Unilever Price Performance

Shares of UL stock traded up $0.32 on Friday, hitting $51.24. The stock had a trading volume of 4,278,463 shares, compared to its average volume of 3,049,528. The stock’s 50 day moving average is $49.11 and its 200-day moving average is $48.56. Unilever PLC has a 52-week low of $46.16 and a 52-week high of $55.99.

Unilever Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be paid a $0.4556 dividend. The ex-dividend date is Thursday, May 16th. This represents a $1.82 annualized dividend and a dividend yield of 3.56%.

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.