JPL Wealth Management LLC Acquires Shares of 29,513 Unilever PLC (NYSE:UL)

JPL Wealth Management LLC acquired a new stake in shares of Unilever PLC (NYSE:ULFree Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 29,513 shares of the company’s stock, valued at approximately $1,431,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Private Advisor Group LLC boosted its position in shares of Unilever by 0.4% during the third quarter. Private Advisor Group LLC now owns 57,807 shares of the company’s stock worth $2,856,000 after acquiring an additional 221 shares during the last quarter. MGO One Seven LLC lifted its position in shares of Unilever by 2.8% in the third quarter. MGO One Seven LLC now owns 52,168 shares of the company’s stock worth $2,577,000 after buying an additional 1,419 shares in the last quarter. D.B. Root & Company LLC lifted its position in shares of Unilever by 2.5% in the third quarter. D.B. Root & Company LLC now owns 15,268 shares of the company’s stock worth $754,000 after buying an additional 379 shares in the last quarter. Corient Private Wealth LLC boosted its stake in Unilever by 4.1% during the third quarter. Corient Private Wealth LLC now owns 611,109 shares of the company’s stock valued at $30,187,000 after buying an additional 24,293 shares during the last quarter. Finally, Aspire Private Capital LLC grew its holdings in Unilever by 61.7% during the 3rd quarter. Aspire Private Capital LLC now owns 1,232 shares of the company’s stock valued at $61,000 after buying an additional 470 shares in the last quarter. 9.67% of the stock is currently owned by institutional investors.

Unilever Stock Down 0.1 %

NYSE UL traded down $0.07 during trading on Wednesday, reaching $54.21. 1,078,253 shares of the company’s stock were exchanged, compared to its average volume of 2,867,854. Unilever PLC has a 1 year low of $46.16 and a 1 year high of $54.86. The company has a 50 day moving average price of $50.26 and a two-hundred day moving average price of $49.20.

Unilever Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be paid a dividend of $0.4556 per share. This represents a $1.82 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend is Thursday, May 16th.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on UL shares. Morgan Stanley cut shares of Unilever from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $52.00 to $48.00 in a research report on Tuesday, February 27th. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Finally, Argus lifted their target price on Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Unilever presently has a consensus rating of “Hold” and a consensus target price of $54.00.

Read Our Latest Research Report on Unilever

Unilever Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Unilever (NYSE:UL)

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