RD Lewis Holdings Inc. Makes New Investment in Unilever PLC (NYSE:UL)

RD Lewis Holdings Inc. acquired a new position in Unilever PLC (NYSE:ULFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,926 shares of the company’s stock, valued at approximately $229,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in shares of Unilever in the 4th quarter valued at approximately $176,806,000. Jennison Associates LLC lifted its stake in shares of Unilever by 981.6% in the 3rd quarter. Jennison Associates LLC now owns 2,076,169 shares of the company’s stock valued at $134,868,000 after purchasing an additional 1,884,216 shares during the period. Fisher Asset Management LLC raised its stake in Unilever by 7.3% during the fourth quarter. Fisher Asset Management LLC now owns 17,940,963 shares of the company’s stock valued at $1,017,253,000 after buying an additional 1,214,563 shares during the last quarter. Citigroup Inc. raised its stake in Unilever by 493.4% during the third quarter. Citigroup Inc. now owns 1,105,064 shares of the company’s stock valued at $71,785,000 after buying an additional 918,841 shares during the last quarter. Finally, Icon Wealth Advisors LLC raised its stake in Unilever by 7,466.0% during the third quarter. Icon Wealth Advisors LLC now owns 629,569 shares of the company’s stock valued at $40,897,000 after buying an additional 621,248 shares during the last quarter. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Analyst Ratings Changes

UL has been the subject of a number of recent research reports. StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. Sanford C. Bernstein upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. Erste Group Bank reiterated a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Royal Bank of Canada cut Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. Finally, DZ Bank raised Unilever from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $66.33.

Read Our Latest Analysis on UL

Unilever Price Performance

Shares of UL opened at $59.73 on Tuesday. Unilever PLC has a one year low of $46.46 and a one year high of $65.87. The firm has a market capitalization of $148.23 billion, a P/E ratio of 17.12, a PEG ratio of 1.60 and a beta of 0.47. The business has a fifty day moving average of $57.04 and a 200 day moving average of $59.62.

Unilever Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a dividend of $0.4674 per share. The ex-dividend date is Friday, February 28th. This represents a $1.87 annualized dividend and a yield of 3.13%. Unilever’s dividend payout ratio (DPR) is presently 53.01%.

Unilever Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Unilever (NYSE:UL)

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