Beacon Pointe Advisors LLC Increases Stake in Unilever PLC (NYSE:UL)

Beacon Pointe Advisors LLC raised its stake in Unilever PLC (NYSE:UL) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 127,190 shares of the company’s stock after purchasing an additional 2,558 shares during the period. Beacon Pointe Advisors LLC’s holdings in Unilever were worth $7,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC purchased a new stake in shares of Unilever during the fourth quarter worth about $26,000. Financial Life Planners purchased a new stake in Unilever during the 4th quarter worth approximately $28,000. VSM Wealth Advisory LLC purchased a new stake in Unilever during the 4th quarter worth approximately $28,000. Roxbury Financial LLC purchased a new stake in Unilever during the 4th quarter worth approximately $30,000. Finally, Mainstream Capital Management LLC purchased a new stake in Unilever during the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

UL opened at $63.17 on Tuesday. The firm has a fifty day moving average price of $59.62 and a 200 day moving average price of $58.80. Unilever PLC has a 1 year low of $51.34 and a 1 year high of $65.87. The stock has a market cap of $155.79 billion, a P/E ratio of 18.10, a P/E/G ratio of 1.60 and a beta of 0.42.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 16th will be paid a $0.5151 dividend. This is a boost from Unilever’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Friday, May 16th. Unilever’s payout ratio is currently 59.03%.

Wall Street Analyst Weigh In

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

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.