Twin City Private Wealth LLC Buys 5,158 Shares of Unilever PLC (NYSE:UL)

Twin City Private Wealth LLC raised its stake in shares of Unilever PLC (NYSE:UL) by 48.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,809 shares of the company’s stock after purchasing an additional 5,158 shares during the period. Twin City Private Wealth LLC’s holdings in Unilever were worth $896,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in Unilever during the 4th quarter worth about $176,806,000. Jennison Associates LLC grew its holdings in Unilever by 66.4% during the 4th quarter. Jennison Associates LLC now owns 3,454,686 shares of the company’s stock worth $195,881,000 after acquiring an additional 1,378,517 shares during the period. Fisher Asset Management LLC grew its holdings in Unilever by 7.3% during the 4th quarter. Fisher Asset Management LLC now owns 17,940,963 shares of the company’s stock worth $1,017,253,000 after acquiring an additional 1,214,563 shares during the period. Citigroup Inc. grew its holdings in Unilever by 493.4% during the 3rd quarter. Citigroup Inc. now owns 1,105,064 shares of the company’s stock worth $71,785,000 after acquiring an additional 918,841 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in Unilever during the 4th quarter worth about $11,895,000. 9.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on UL. StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a report on Friday, March 7th. DZ Bank upgraded Unilever from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Sanford C. Bernstein upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. Finally, Royal Bank of Canada downgraded Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $66.33.

Unilever Stock Performance

Shares of NYSE UL opened at $58.64 on Monday. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87. The stock has a market cap of $145.25 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 1.60 and a beta of 0.47. The firm’s 50-day simple moving average is $57.28 and its 200 day simple moving average is $59.45.

Unilever Cuts Dividend

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