Unilever PLC (NYSE:UL) Shares Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC boosted its holdings in shares of Unilever PLC (NYSE:UL) by 8.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 43,963 shares of the company’s stock after purchasing an additional 3,381 shares during the period. Bleakley Financial Group LLC’s holdings in Unilever were worth $2,207,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of UL. Red Tortoise LLC purchased a new stake in shares of Unilever in the first quarter valued at about $26,000. Life Planning Partners Inc acquired a new position in Unilever during the fourth quarter worth about $27,000. Quent Capital LLC acquired a new position in shares of Unilever in the first quarter valued at approximately $28,000. Rise Advisors LLC acquired a new position in shares of Unilever in the first quarter valued at approximately $28,000. Finally, YHB Investment Advisors Inc. acquired a new position in shares of Unilever in the first quarter valued at approximately $30,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Stock Up 1.5 %

Shares of UL opened at $58.21 on Thursday. The firm’s 50 day moving average price is $55.37 and its 200 day moving average price is $51.41. Unilever PLC has a twelve month low of $46.16 and a twelve month high of $58.21.

Unilever Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were issued a dividend of $0.4556 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.13%.

Analyst Ratings Changes

UL has been the subject of several research reports. Redburn Atlantic upgraded shares of Unilever from a “neutral” rating to a “buy” rating in a research note on Friday, June 7th. Argus upped their price target on shares of Unilever from $58.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. StockNews.com cut shares of Unilever from a “buy” rating to a “hold” rating in a report on Thursday, June 27th. Finally, JPMorgan Chase & Co. raised shares of Unilever from an “underweight” rating to an “overweight” rating in a report on Thursday, May 23rd. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $54.00.

Unilever Company 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.