Private Advisor Group LLC Purchases 2,116 Shares of Unilever PLC (NYSE:UL)

Private Advisor Group LLC boosted its position in shares of Unilever PLC (NYSE:UL) by 3.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 64,935 shares of the company’s stock after purchasing an additional 2,116 shares during the quarter. Private Advisor Group LLC’s holdings in Unilever were worth $3,682,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in UL. Golden State Wealth Management LLC bought a new stake in shares of Unilever during the fourth quarter worth approximately $26,000. Financial Life Planners bought a new position in shares of Unilever during the fourth quarter worth $28,000. Roxbury Financial LLC acquired a new stake in Unilever during the 4th quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. bought a new position in Unilever during the third quarter worth about $35,000. Finally, Brooklyn Investment Group acquired a new position in Unilever in the third quarter valued at about $40,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on UL. Sanford C. Bernstein upgraded Unilever from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. Royal Bank of Canada cut shares of Unilever from a “sector perform” rating to an “underperform” rating in a report on Monday, January 6th. Erste Group Bank restated a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. Finally, DZ Bank raised Unilever from a “hold” rating to a “buy” rating in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Unilever currently has an average rating of “Moderate Buy” and a consensus target price of $61.75.

Unilever Stock Performance

Shares of NYSE UL opened at $56.14 on Monday. The business has a 50-day moving average of $56.79 and a 200-day moving average of $60.08. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87.

Unilever Cuts Dividend

The business also recently declared 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. The ex-dividend date is Friday, February 28th. This represents a $1.87 dividend on an annualized basis and a yield of 3.33%.

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.