Stokes Family Office LLC Takes Position in Unilever PLC (NYSE:UL)

Stokes Family Office LLC purchased a new stake in shares of Unilever PLC (NYSE:UL) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,777 shares of the company’s stock, valued at approximately $214,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of UL. Golden State Wealth Management LLC bought a new stake in shares of Unilever during the fourth quarter valued at about $26,000. Financial Life Planners bought a new stake in shares of Unilever during the fourth quarter valued at about $28,000. VSM Wealth Advisory LLC bought a new stake in shares of Unilever during the fourth quarter valued at about $28,000. Roxbury Financial LLC bought a new stake in shares of Unilever during the fourth quarter valued at about $30,000. Finally, Mainstream Capital Management LLC bought a new stake in shares of Unilever during the fourth quarter valued at about $31,000. 9.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

UL has been the topic of several research analyst reports. Royal Bank of Canada cut shares of Unilever from a “sector perform” rating to an “underperform” rating in a research report on Monday, January 6th. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Sanford C. Bernstein upgraded shares of Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Finally, DZ Bank upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Two analysts have rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.33.

Unilever Price Performance

Shares of UL opened at $58.91 on Thursday. The firm has a market cap of $146.19 billion, a P/E ratio of 16.88, a P/E/G ratio of 1.60 and a beta of 0.47. The stock has a 50 day simple moving average of $57.15 and a two-hundred day simple moving average of $59.57. Unilever PLC has a 1 year low of $46.46 and a 1 year high of $65.87.

Unilever Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a $0.4674 dividend. This represents a $1.87 annualized dividend and a yield of 3.17%. The ex-dividend date is Friday, February 28th. Unilever’s dividend payout ratio is currently 53.01%.

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.