Bar Harbor Wealth Management Buys 2,927 Shares of Unilever PLC (NYSE:UL)

Bar Harbor Wealth Management boosted its stake in Unilever PLC (NYSE:UL) by 6.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,688 shares of the company’s stock after acquiring an additional 2,927 shares during the quarter. Bar Harbor Wealth Management’s holdings in Unilever were worth $2,874,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UL. Abich Financial Wealth Management LLC increased its stake in Unilever by 393.5% in 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 last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Unilever in the third quarter valued at about $35,000. Jamison Private Wealth Management Inc. raised its holdings in Unilever by 202.5% during the third quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock worth $39,000 after acquiring an additional 405 shares in the last quarter. Brooklyn Investment Group bought a new stake in Unilever during the third quarter worth about $40,000. Finally, Coastline Trust Co acquired a new position in Unilever during the third quarter valued at approximately $48,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Stock Performance

Shares of UL stock traded down $0.07 during midday trading on Monday, hitting $55.06. 1,688,391 shares of the company were exchanged, compared to its average volume of 2,110,164. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87. The firm has a market capitalization of $136.44 billion, a P/E ratio of 16.58, a PEG ratio of 1.80 and a beta of 0.49. The firm’s 50 day moving average price is $58.13 and its two-hundred day moving average price is $60.35.

Unilever Increases Dividend

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

Analyst Ratings Changes

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

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.