Rosenberg Matthew Hamilton Increases Position in Unilever PLC (NYSE:UL)

Rosenberg Matthew Hamilton lifted its stake in Unilever PLC (NYSE:UL) by 20.5% in the 1st quarter, Holdings Channel reports. The firm owned 3,972 shares of the company’s stock after purchasing an additional 675 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Unilever were worth $237,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. VSM Wealth Advisory LLC acquired a new stake in shares of Unilever in the 4th quarter worth approximately $28,000. Vermillion Wealth Management Inc. purchased a new stake in Unilever during the fourth quarter worth $30,000. Mainstream Capital Management LLC purchased a new stake in Unilever during the fourth quarter worth $31,000. Murphy & Mullick Capital Management Corp acquired a new stake in Unilever in the fourth quarter valued at $39,000. Finally, Accredited Wealth Management LLC purchased a new position in shares of Unilever in the fourth quarter valued at $43,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Wall Street Analysts Forecast Growth

UL has been the topic of a number of research reports. BNP Paribas raised shares of Unilever to a “strong-buy” rating in a research note on Thursday, May 29th. UBS Group upgraded shares of Unilever from a “strong sell” rating to a “hold” rating in a research report on Friday, May 2nd. BNP Paribas Exane assumed coverage on shares of Unilever in a research note on Thursday, May 29th. They set an “outperform” rating and a $73.00 price objective for the company. Finally, Wall Street Zen downgraded Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Unilever has an average rating of “Moderate Buy” and an average target price of $70.67.

Unilever Stock Performance

Shares of NYSE UL opened at $61.38 on Thursday. The firm has a market cap of $150.66 billion, a P/E ratio of 17.59, a price-to-earnings-growth ratio of 3.83 and a beta of 0.41. Unilever PLC has a 1 year low of $54.32 and a 1 year high of $65.87. The firm’s 50 day moving average price is $62.65 and its 200 day moving average price is $59.67.

Unilever Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 16th were issued a dividend of $0.5151 per share. This is a boost from Unilever’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.06 annualized dividend and a dividend yield of 3.36%. Unilever’s dividend payout ratio (DPR) is 59.03%.

Unilever Company 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.