Contravisory Investment Management Inc. Makes New $197,000 Investment in Unilever PLC (NYSE:UL)

Contravisory Investment Management Inc. bought a new stake in Unilever PLC (NYSE:UL) during the fourth quarter, Holdings Channel reports. The institutional investor bought 3,468 shares of the company’s stock, valued at approximately $197,000.

A number of other hedge funds have also made changes to their positions in the stock. Abich Financial Wealth Management LLC boosted its position in Unilever by 393.5% during the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock valued at $29,000 after purchasing an additional 425 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Unilever during the 3rd quarter valued at about $35,000. Jamison Private Wealth Management Inc. grew its stake in shares of Unilever by 202.5% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock valued at $39,000 after buying an additional 405 shares in the last quarter. Brooklyn Investment Group acquired a new position in Unilever in the third quarter worth approximately $40,000. Finally, Coastline Trust Co bought a new position in Unilever during the third quarter valued at approximately $48,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on UL shares. StockNews.com downgraded shares of Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Erste Group Bank reiterated a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Sanford C. Bernstein raised Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Finally, Royal Bank of Canada lowered Unilever from a “sector perform” rating to an “underperform” rating in a report on Monday, January 6th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $61.75.

Unilever Stock Up 1.4 %

Shares of NYSE:UL opened at $55.50 on Friday. The stock’s 50-day moving average is $57.77 and its 200-day moving average is $60.31. Unilever PLC has a 52-week low of $46.46 and a 52-week high of $65.87.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 8th were issued a dividend of $0.4755 per share. The ex-dividend date of this dividend was Friday, November 8th. This is a positive change from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.43%.

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.