1,056 Shares in Unilever PLC (NYSE:UL) Acquired by Opal Wealth Advisors LLC

Opal Wealth Advisors LLC bought a new position in shares of Unilever PLC (NYSE:UL) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,056 shares of the company’s stock, valued at approximately $63,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in Unilever in the fourth quarter valued at approximately $176,806,000. Norges Bank acquired a new stake in Unilever in the fourth quarter valued at approximately $153,606,000. Clearbridge Investments LLC grew its position in Unilever by 140.1% in the fourth quarter. Clearbridge Investments LLC now owns 3,719,284 shares of the company’s stock valued at $210,883,000 after acquiring an additional 2,170,242 shares in the last quarter. Fisher Asset Management LLC grew its position in Unilever by 7.3% in the fourth quarter. Fisher Asset Management LLC now owns 17,940,963 shares of the company’s stock valued at $1,017,253,000 after acquiring an additional 1,214,563 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Unilever by 401.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,465,523 shares of the company’s stock valued at $83,095,000 after acquiring an additional 1,173,298 shares in the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on UL. BNP Paribas Exane began coverage on shares of Unilever in a research report on Thursday, May 29th. They issued an “outperform” rating and a $73.00 price objective for the company. Wall Street Zen downgraded shares of Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. DZ Bank raised shares of Unilever from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. UBS Group raised shares of Unilever from a “strong sell” rating to a “hold” rating in a research report on Friday, May 2nd. Finally, BNP Paribas raised shares of Unilever to a “strong-buy” rating in a research report on Thursday, May 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Unilever has an average rating of “Moderate Buy” and a consensus target price of $70.67.

Unilever Trading Down 1.6%

UL stock opened at $62.62 on Monday. The firm has a 50 day simple moving average of $62.74 and a 200-day simple moving average of $59.45. Unilever PLC has a twelve month low of $54.32 and a twelve month high of $65.87. The company has a market capitalization 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 disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 16th were paid a dividend of $0.5151 per share. The ex-dividend date of this dividend was Friday, May 16th. This is a boost from Unilever’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a yield of 3.29%. Unilever’s dividend payout ratio (DPR) is 59.03%.

About Unilever

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.