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

Pinion Investment Advisors LLC lifted its holdings in Unilever PLC (NYSE:UL) by 139.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 22,142 shares of the company’s stock after buying an additional 12,892 shares during the quarter. Pinion Investment Advisors LLC’s holdings in Unilever were worth $1,319,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its position in Unilever by 57.4% during the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,080,615 shares of the company’s stock worth $64,351,000 after acquiring an additional 393,968 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new stake in Unilever in the 1st quarter valued at $3,758,000. Opal Wealth Advisors LLC bought a new stake in Unilever in the 1st quarter valued at $63,000. Farmers & Merchants Investments Inc. raised its stake in Unilever by 3.4% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 5,840 shares of the company’s stock valued at $348,000 after acquiring an additional 194 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in Unilever by 25.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 196,346 shares of the company’s stock worth $11,692,000 after buying an additional 39,877 shares during the period. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Stock Performance

Shares of UL stock opened at $62.62 on Friday. Unilever PLC has a fifty-two week low of $54.32 and a fifty-two week high of $65.87. The stock has a 50 day simple moving average of $62.74 and a two-hundred day simple moving average of $59.45. The company has a market cap of $153.91 billion, a P/E ratio of 17.94, a PEG ratio of 1.60 and a beta of 0.43.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 16th were issued a $0.5151 dividend. This is a boost from Unilever’s previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date was Friday, May 16th. Unilever’s dividend payout ratio (DPR) is currently 59.03%.

Analyst Ratings Changes

Several research firms have weighed in on UL. Wall Street Zen cut Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. BNP Paribas Exane assumed coverage on Unilever in a research note on Thursday, May 29th. They issued an “outperform” rating and a $73.00 price objective on the stock. BNP Paribas raised Unilever to a “strong-buy” rating in a research note on Thursday, May 29th. UBS Group raised Unilever from a “strong sell” rating to a “hold” rating in a research note on Friday, May 2nd. Finally, DZ Bank upgraded Unilever from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Unilever presently has an average rating of “Moderate Buy” and an average target price of $70.67.

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.