JCIC Asset Management Inc. Grows Position in Unilever PLC (NYSE:UL)

JCIC Asset Management Inc. lifted its position in shares of Unilever PLC (NYSE:UL) by 1.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 52,100 shares of the company’s stock after purchasing an additional 890 shares during the quarter. Unilever comprises approximately 1.2% of JCIC Asset Management Inc.’s holdings, making the stock its 28th largest holding. JCIC Asset Management Inc.’s holdings in Unilever were worth $2,954,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Abich Financial Wealth Management LLC boosted its stake in shares of Unilever by 393.5% in the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock valued at $29,000 after purchasing an additional 425 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new position in Unilever in the 3rd quarter valued at about $35,000. Jamison Private Wealth Management Inc. grew its stake in shares of Unilever by 202.5% during the third quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock valued at $39,000 after acquiring an additional 405 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Unilever during the third quarter worth about $40,000. Finally, Coastline Trust Co acquired a new position in shares of Unilever in the third quarter worth about $48,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Trading Down 0.2 %

NYSE UL traded down $0.12 during trading hours on Monday, reaching $55.01. The company’s stock had a trading volume of 1,284,414 shares, compared to its average volume of 2,077,152. The business has a 50-day simple moving average of $58.13 and a 200 day simple moving average of $60.35. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87. The stock has a market cap of $136.31 billion, a PE ratio of 16.57, a PEG ratio of 1.80 and a beta of 0.49.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 8th were paid a dividend of $0.4755 per share. This is an increase from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend was Friday, November 8th. Unilever’s dividend payout ratio is presently 56.63%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Erste Group Bank reissued a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Royal Bank of Canada downgraded Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Unilever has an average rating of “Hold” and an average price target of $61.75.

Unilever 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.