Parallel Advisors LLC Has $1.32 Million Position in Unilever PLC (NYSE:UL)

Parallel Advisors LLC grew its stake in Unilever PLC (NYSE:UL) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,261 shares of the company’s stock after purchasing an additional 599 shares during the period. Parallel Advisors LLC’s holdings in Unilever were worth $1,319,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC acquired a new stake in shares of Unilever in the 4th quarter valued at approximately $26,000. Financial Life Planners acquired a new stake in Unilever during the 4th quarter worth approximately $28,000. Roxbury Financial LLC acquired a new stake in Unilever during the 4th quarter worth approximately $30,000. Mainstream Capital Management LLC acquired a new stake in Unilever during the 4th quarter worth approximately $31,000. Finally, Brooklyn Investment Group acquired a new stake in Unilever during the 3rd quarter worth approximately $40,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Unilever Stock Performance

Shares of NYSE UL opened at $58.70 on Wednesday. The company’s 50 day moving average price is $57.09 and its 200-day moving average price is $59.58. The company has a market capitalization of $145.65 billion, a P/E ratio of 16.82, a price-to-earnings-growth ratio of 1.60 and a beta of 0.47. Unilever PLC has a 52-week low of $46.46 and a 52-week high of $65.87.

Unilever Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a $0.4674 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.87 annualized dividend and a dividend yield of 3.19%. Unilever’s dividend payout ratio is currently 53.01%.

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.