ProVise Management Group LLC Acquires 7,304 Shares of Unilever PLC (NYSE:UL)

ProVise Management Group LLC raised its holdings in shares of Unilever PLC (NYSE:UL) by 4.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 172,993 shares of the company’s stock after acquiring an additional 7,304 shares during the period. ProVise Management Group LLC’s holdings in Unilever were worth $9,809,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in shares of Unilever in the 4th quarter valued at $26,000. Financial Life Planners bought a new stake in shares of Unilever in the 4th quarter valued at $28,000. Roxbury Financial LLC bought a new stake in shares of Unilever in the 4th quarter valued at $30,000. Mainstream Capital Management LLC acquired a new position in Unilever in the 4th quarter worth $31,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in Unilever in the 4th quarter worth $36,000. Institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

Unilever stock opened at $58.70 on Wednesday. The firm has a 50-day moving average of $57.09 and a 200-day moving average of $59.58. Unilever PLC has a one year low of $46.46 and a one year high of $65.87. The company has a market cap of $145.65 billion, a price-to-earnings ratio of 16.82, a P/E/G ratio of 1.60 and a beta of 0.47.

Unilever Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.4674 per share. The ex-dividend date is Friday, February 28th. This represents a $1.87 dividend on an annualized basis and a dividend yield of 3.19%. Unilever’s dividend payout ratio is 53.01%.

Analysts Set New Price Targets

UL has been the subject of a number of research analyst reports. Sanford C. Bernstein raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. Royal Bank of Canada lowered shares of Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. DZ Bank raised shares of Unilever from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Two 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 assigned a strong buy rating to the stock. According to data from MarketBeat, Unilever presently has an average rating of “Moderate Buy” and an average price target of $66.33.

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.