Welch Group LLC raised its position in shares of Unilever N.V. (NYSE:UL) by 3.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 406,318 shares of the company’s stock after purchasing an additional 13,268 shares during the period. Welch Group LLC’s holdings in Unilever were worth $23,453,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of UL. Highwater Wealth Management LLC bought a new position in shares of Unilever in the fourth quarter valued at $29,000. CNB Bank bought a new position in shares of Unilever in the fourth quarter valued at $30,000. Lindbrook Capital LLC bought a new position in shares of Unilever in the fourth quarter valued at $31,000. Pinnacle Bank bought a new position in shares of Unilever in the fourth quarter valued at $32,000. Finally, Sontag Advisory LLC bought a new position in shares of Unilever in the fourth quarter valued at $33,000. 6.44% of the stock is owned by hedge funds and other institutional investors.
NYSE:UL remained flat at $$57.26 during trading hours on Monday. 505,592 shares of the company’s stock traded hands, compared to its average volume of 1,014,003. Unilever N.V. has a 52 week low of $50.80 and a 52 week high of $58.09. The firm has a market cap of $66.91 billion, a P/E ratio of 20.67, a P/E/G ratio of 3.35 and a beta of 0.63.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, February 15th were issued a dividend of $0.442 per share. This is a boost from Unilever’s previous quarterly dividend of $0.35. This represents a $1.77 annualized dividend and a dividend yield of 3.09%. The ex-dividend date was Thursday, February 14th. Unilever’s payout ratio is currently 63.18%.
Several brokerages have issued reports on UL. Zacks Investment Research raised shares of Unilever from a “hold” rating to a “strong-buy” rating and set a $66.00 target price on the stock in a research note on Friday, March 22nd. BNP Paribas downgraded shares of Unilever from an “outperform” rating to a “neutral” rating in a research note on Wednesday, February 27th. Exane BNP Paribas downgraded shares of Unilever from an “outperform” rating to a “neutral” rating in a research note on Wednesday, February 27th. Finally, JPMorgan Chase & Co. reissued a “sell” rating on shares of Unilever in a research note on Wednesday, January 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the company. Unilever presently has an average rating of “Hold” and an average target price of $66.00.
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Unilever PLC operates in the fast moving consumer goods industry worldwide. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products primarily under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.
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