Matthew Goff Investment Advisor LLC Acquires 2,020 Shares of Unilever PLC (NYSE:UL)

Matthew Goff Investment Advisor LLC increased its holdings in shares of Unilever PLC (NYSE:UL) by 1.1% in the first quarter, Holdings Channel.com reports. The fund owned 193,550 shares of the company’s stock after buying an additional 2,020 shares during the quarter. Unilever comprises about 2.1% of Matthew Goff Investment Advisor LLC’s portfolio, making the stock its 13th largest holding. Matthew Goff Investment Advisor LLC’s holdings in Unilever were worth $11,526,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of UL. Cornerstone Wealth Management LLC purchased a new stake in Unilever in the 1st quarter valued at about $233,000. Clarius Group LLC raised its stake in shares of Unilever by 2.7% during the first quarter. Clarius Group LLC now owns 8,070 shares of the company’s stock valued at $481,000 after acquiring an additional 211 shares in the last quarter. Bell Bank boosted its holdings in shares of Unilever by 7.1% in the first quarter. Bell Bank now owns 119,753 shares of the company’s stock valued at $7,131,000 after purchasing an additional 7,937 shares during the period. Cardinal Capital Management boosted its holdings in shares of Unilever by 0.4% in the first quarter. Cardinal Capital Management now owns 39,953 shares of the company’s stock valued at $2,379,000 after purchasing an additional 176 shares during the period. Finally, Robertson Stephens Wealth Management LLC grew its stake in Unilever by 2.8% in the first quarter. Robertson Stephens Wealth Management LLC now owns 16,988 shares of the company’s stock worth $1,012,000 after purchasing an additional 470 shares in the last quarter. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

UL has been the subject of a number of research analyst reports. Wall Street Zen lowered Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. UBS Group upgraded Unilever from a “strong sell” rating to a “hold” rating in a report on Friday, May 2nd. BNP Paribas raised shares of Unilever to a “strong-buy” rating in a research note on Thursday, May 29th. DZ Bank upgraded shares of Unilever from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Finally, BNP Paribas Exane started coverage on shares of Unilever in a report on Thursday, May 29th. They issued an “outperform” rating and a $73.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $70.67.

Unilever Price Performance

Shares of NYSE UL opened at $62.10 on Thursday. Unilever PLC has a 1-year low of $54.32 and a 1-year high of $65.87. The business has a fifty day moving average price of $62.95 and a 200 day moving average price of $59.51. The stock has a market capitalization of $152.43 billion, a P/E ratio of 17.79, a price-to-earnings-growth ratio of 3.46 and a beta of 0.43.

Unilever Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 16th were given a dividend of $0.5151 per share. This represents a $2.06 annualized dividend and a dividend yield of 3.32%. This is a positive change from Unilever’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Friday, May 16th. Unilever’s dividend payout ratio is presently 59.03%.

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.