Unilever PLC (NYSE:UL) Shares Bought by Edge Capital Group LLC

Edge Capital Group LLC raised its holdings in Unilever PLC (NYSE:UL) by 3,569.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 152,932 shares of the company’s stock after acquiring an additional 148,764 shares during the period. Edge Capital Group LLC’s holdings in Unilever were worth $8,671,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Fisher Asset Management LLC raised its holdings in Unilever by 7.1% in the 3rd quarter. Fisher Asset Management LLC now owns 16,726,400 shares of the company’s stock valued at $1,086,547,000 after acquiring an additional 1,114,177 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Unilever by 66.4% during the 4th quarter. Jennison Associates LLC now owns 3,454,686 shares of the company’s stock valued at $195,881,000 after buying an additional 1,378,517 shares during the period. Hamlin Capital Management LLC grew its stake in shares of Unilever by 7.8% during the 4th quarter. Hamlin Capital Management LLC now owns 2,874,929 shares of the company’s stock valued at $163,008,000 after buying an additional 207,549 shares during the period. Bank of Montreal Can grew its stake in shares of Unilever by 3.7% during the 3rd quarter. Bank of Montreal Can now owns 1,812,164 shares of the company’s stock valued at $118,588,000 after buying an additional 63,835 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Unilever by 18.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,240,653 shares of the company’s stock valued at $70,132,000 after buying an additional 190,753 shares during the period. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Stock Up 1.1 %

Shares of Unilever stock opened at $56.14 on Monday. The company has a fifty day moving average price of $56.79 and a 200 day moving average price of $60.08. Unilever PLC has a twelve month low of $46.46 and a twelve month high of $65.87.

Unilever Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given 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%.

Analyst Upgrades and Downgrades

UL has been the subject of several research reports. Erste Group Bank reissued a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Royal Bank of Canada cut shares of Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. DZ Bank raised shares of Unilever from a “hold” rating to a “buy” rating in a research note on Friday. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Finally, Sanford C. Bernstein raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Three 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.75.

About Unilever

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.