Ritholtz Wealth Management Has $1.33 Million Holdings in Unilever PLC (NYSE:UL)

Ritholtz Wealth Management increased its stake in Unilever PLC (NYSE:UL) by 11.0% in the 4th quarter, Holdings Channel reports. The firm owned 27,330 shares of the company’s stock after purchasing an additional 2,698 shares during the period. Ritholtz Wealth Management’s holdings in Unilever were worth $1,325,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. FLC Capital Advisors boosted its holdings in Unilever by 14.6% in the 4th quarter. FLC Capital Advisors now owns 12,762 shares of the company’s stock valued at $619,000 after purchasing an additional 1,622 shares during the period. Smithbridge Asset Management Inc. DE grew its position in Unilever by 2.3% during the fourth quarter. Smithbridge Asset Management Inc. DE now owns 57,072 shares of the company’s stock worth $2,767,000 after buying an additional 1,278 shares in the last quarter. Planned Solutions Inc. bought a new position in Unilever during the fourth quarter valued at about $44,000. Jacobs & Co. CA raised its holdings in Unilever by 1.0% in the 4th quarter. Jacobs & Co. CA now owns 106,478 shares of the company’s stock valued at $5,162,000 after acquiring an additional 1,072 shares in the last quarter. Finally, IFG Advisory LLC grew its holdings in shares of Unilever by 9.2% during the 4th quarter. IFG Advisory LLC now owns 4,880 shares of the company’s stock worth $237,000 after purchasing an additional 410 shares in the last quarter. Institutional investors own 9.67% of the company’s stock.

Unilever Trading Up 0.1 %

NYSE:UL opened at $50.19 on Friday. Unilever PLC has a 1 year low of $46.16 and a 1 year high of $55.99. The firm has a 50 day moving average of $49.37 and a 200-day moving average of $48.75.

Unilever Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, February 23rd were given a $0.4582 dividend. This represents a $1.83 annualized dividend and a yield of 3.65%. The ex-dividend date was Thursday, February 22nd.

Wall Street Analyst Weigh In

UL has been the topic of several analyst reports. Jefferies Financial Group lowered shares of Unilever from a “buy” rating to an “underperform” rating in a report on Monday, December 11th. Morgan Stanley cut shares of Unilever from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $52.00 to $48.00 in a research note on Tuesday, February 27th. StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th. Finally, Sanford C. Bernstein upgraded Unilever from an “underperform” rating to a “market perform” rating in a research report on Monday, December 11th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $48.00.

Unilever Profile

Unilever PLC operates as a fast-moving consumer goods company. It operates through Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream segments. 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, which includes the vitamins, minerals, and supplements.