Ellevest Inc. grew its stake in shares of Unilever PLC (NYSE:UL) by 63.0% in the first quarter, Holdings Channel reports. The institutional investor owned 4,470 shares of the company’s stock after purchasing an additional 1,728 shares during the period. Ellevest Inc.’s holdings in Unilever were worth $250,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Liberty One Investment Management LLC increased its stake in Unilever by 1.2% in the fourth quarter. Liberty One Investment Management LLC now owns 15,655 shares of the company’s stock valued at $945,000 after acquiring an additional 183 shares during the period. Focused Wealth Management Inc increased its stake in Unilever by 68.1% in the first quarter. Focused Wealth Management Inc now owns 454 shares of the company’s stock valued at $25,000 after acquiring an additional 184 shares during the period. Stonebridge Capital Advisors LLC increased its stake in Unilever by 5.3% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 3,775 shares of the company’s stock valued at $228,000 after acquiring an additional 191 shares during the period. Symphony Financial Ltd. Co. grew its stake in Unilever by 2.6% during the first quarter. Symphony Financial Ltd. Co. now owns 7,707 shares of the company’s stock worth $435,000 after buying an additional 196 shares during the last quarter. Finally, Baldwin Brothers Inc. MA grew its stake in Unilever by 4.2% during the first quarter. Baldwin Brothers Inc. MA now owns 4,899 shares of the company’s stock worth $274,000 after buying an additional 197 shares during the last quarter.
Several equities analysts recently weighed in on UL shares. Zacks Investment Research upgraded shares of Unilever from a “sell” rating to a “hold” rating in a report on Tuesday, April 13th. Societe Generale restated a “sell” rating on shares of Unilever in a report on Wednesday, April 14th. Four research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $69.00.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 10th. Investors of record on Friday, May 21st will be given a $0.5159 dividend. The ex-dividend date of this dividend is Thursday, May 20th. This represents a $2.06 dividend on an annualized basis and a yield of 3.43%. This is an increase from Unilever’s previous quarterly dividend of $0.51. Unilever’s dividend payout ratio (DPR) is 71.33%.
Unilever Company Profile
Unilever PLC operates as a fast-moving consumer goods company in Asia, Africa, the Middle East, Turkey, Russia, Ukraine, Belarus, the Americas, and Europe. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment provides skin care and hair care products, deodorants, and skin cleansing products under the Axe, Clear, Dove, Lifebuoy, Lux, Pond's, Rexona, Signal, Suave, Sunsilk, TRESemmÃ©, and Vaseline brands.
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