Beverly Hills Private Wealth LLC Sells 1,125 Shares of Unilever PLC (NYSE:UL)

Beverly Hills Private Wealth LLC decreased its holdings in Unilever PLC (NYSE:UL) by 10.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,476 shares of the company’s stock after selling 1,125 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in Unilever were worth $537,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fisher Asset Management LLC boosted its stake in shares of Unilever by 7.3% in the 4th quarter. Fisher Asset Management LLC now owns 17,940,963 shares of the company’s stock valued at $1,017,253,000 after purchasing an additional 1,214,563 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Unilever by 3.4% during the fourth quarter. Bank of America Corp DE now owns 7,906,824 shares of the company’s stock worth $448,317,000 after buying an additional 257,538 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Unilever by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,103,075 shares of the company’s stock valued at $289,345,000 after acquiring an additional 250,053 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Unilever by 9.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 3,830,532 shares of the company’s stock worth $217,191,000 after acquiring an additional 327,329 shares in the last quarter. Finally, Clearbridge Investments LLC grew its position in Unilever by 140.1% during the 4th quarter. Clearbridge Investments LLC now owns 3,719,284 shares of the company’s stock worth $210,883,000 after acquiring an additional 2,170,242 shares during the last quarter. 9.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on UL. UBS Group raised Unilever from a “strong sell” rating to a “hold” rating in a report on Friday. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research report on Monday, April 28th. Sanford C. Bernstein raised Unilever from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. DZ Bank upgraded Unilever from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Finally, Royal Bank of Canada lowered shares of Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Unilever has an average rating of “Moderate Buy” and a consensus price target of $66.33.

Unilever Trading Up 0.8 %

Shares of UL opened at $63.47 on Monday. The stock has a market cap of $156.53 billion, a P/E ratio of 18.19, a price-to-earnings-growth ratio of 1.60 and a beta of 0.44. Unilever PLC has a 1 year low of $51.90 and a 1 year high of $65.87. The stock’s 50-day moving average price is $60.21 and its two-hundred day moving average price is $58.81.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 16th will be paid a $0.5151 dividend. This represents a $2.06 annualized dividend and a yield of 3.25%. The ex-dividend date is Friday, May 16th. This is an increase from Unilever’s previous quarterly dividend of $0.47. 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.