Traveka Wealth LLC Buys 589 Shares of Unilever PLC (NYSE:UL)

Traveka Wealth LLC grew its stake in Unilever PLC (NYSE:UL) by 13.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,893 shares of the company’s stock after purchasing an additional 589 shares during the period. Traveka Wealth LLC’s holdings in Unilever were worth $277,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of UL. Abich Financial Wealth Management LLC raised its holdings in Unilever by 393.5% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock valued at $29,000 after buying an additional 425 shares during the period. E Fund Management Hong Kong Co. Ltd. bought a new position in Unilever during the third quarter valued at $35,000. Jamison Private Wealth Management Inc. raised its stake in shares of Unilever by 202.5% in the third quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock valued at $39,000 after acquiring an additional 405 shares during the period. Brooklyn Investment Group bought a new stake in shares of Unilever in the 3rd quarter worth about $40,000. Finally, Coastline Trust Co purchased a new position in shares of Unilever during the 3rd quarter worth about $48,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Analysts Set New Price Targets

UL has been the topic of a number of recent analyst reports. Erste Group Bank reissued a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. Royal Bank of Canada downgraded Unilever from a “sector perform” rating to an “underperform” rating in a report on Monday, January 6th. Finally, StockNews.com lowered Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $61.75.

Unilever Stock Performance

Unilever stock opened at $55.06 on Tuesday. The company has a market capitalization of $136.44 billion, a PE ratio of 16.58, a P/E/G ratio of 1.80 and a beta of 0.49. The company has a 50 day moving average price of $58.00 and a 200-day moving average price of $60.35. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 8th were given a dividend of $0.4755 per share. The ex-dividend date of this dividend was Friday, November 8th. This is a positive change from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 dividend on an annualized basis and a yield of 3.45%. Unilever’s payout ratio is 56.63%.

Unilever 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.