Gerber Kawasaki Wealth & Investment Management Purchases 1,045 Shares of Unilever plc (UL)
Gerber Kawasaki Wealth & Investment Management increased its position in Unilever plc (NYSE:UL) by 13.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,565 shares of the company’s stock after acquiring an additional 1,045 shares during the quarter. Gerber Kawasaki Wealth & Investment Management’s holdings in Unilever were worth $474,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in UL. FMR LLC increased its stake in shares of Unilever by 21.3% in the second quarter. FMR LLC now owns 212,825 shares of the company’s stock valued at $11,518,000 after buying an additional 37,380 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Unilever by 12.7% in the second quarter. Dimensional Fund Advisors LP now owns 862,564 shares of the company’s stock valued at $46,682,000 after acquiring an additional 97,011 shares during the last quarter. Janus Henderson Group PLC bought a new stake in Unilever in the second quarter valued at approximately $3,180,000. Cubist Systematic Strategies LLC boosted its holdings in Unilever by 42.1% in the second quarter. Cubist Systematic Strategies LLC now owns 5,791 shares of the company’s stock valued at $313,000 after acquiring an additional 1,716 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Unilever by 15.8% in the second quarter. The Manufacturers Life Insurance Company now owns 4,359 shares of the company’s stock valued at $236,000 after acquiring an additional 594 shares during the last quarter. 7.04% of the stock is owned by institutional investors.
UL has been the topic of several analyst reports. Morgan Stanley reiterated a “neutral” rating on shares of Unilever in a report on Wednesday, October 11th. Zacks Investment Research upgraded Unilever from a “sell” rating to a “buy” rating and set a $63.00 target price on the stock in a report on Wednesday, December 13th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Unilever in a report on Monday, December 18th. Finally, Argus initiated coverage on Unilever in a report on Friday, November 17th. They issued a “hold” rating on the stock. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. Unilever currently has a consensus rating of “Hold” and a consensus price target of $44.50.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Friday, February 16th will be issued a $0.4452 dividend. The ex-dividend date is Thursday, February 15th. This is a boost from Unilever’s previous quarterly dividend of $0.42. This represents a $1.78 annualized dividend and a yield of 3.32%.
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Unilever Company Profile
Unilever PLC is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.
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