Pinion Investment Advisors LLC Buys 177 Shares of Unilever PLC (NYSE:UL)

Pinion Investment Advisors LLC boosted its stake in Unilever PLC (NYSE:UL) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,250 shares of the company’s stock after purchasing an additional 177 shares during the quarter. Pinion Investment Advisors LLC’s holdings in Unilever were worth $524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UL. Jennison Associates LLC increased its position in shares of Unilever by 981.6% in the third quarter. Jennison Associates LLC now owns 2,076,169 shares of the company’s stock valued at $134,868,000 after acquiring an additional 1,884,216 shares during the period. Fisher Asset Management LLC boosted its position in shares of Unilever by 7.3% in the 4th quarter. Fisher Asset Management LLC now owns 17,940,963 shares of the company’s stock worth $1,017,253,000 after purchasing an additional 1,214,563 shares in the last quarter. Citigroup Inc. increased its holdings in shares of Unilever by 493.4% during the third quarter. Citigroup Inc. now owns 1,105,064 shares of the company’s stock valued at $71,785,000 after acquiring an additional 918,841 shares in the last quarter. Icon Wealth Advisors LLC lifted its stake in shares of Unilever by 7,466.0% in the third quarter. Icon Wealth Advisors LLC now owns 629,569 shares of the company’s stock worth $40,897,000 after buying an additional 621,248 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in Unilever during the 4th quarter valued at $11,895,000. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on UL shares. Erste Group Bank reiterated a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. Royal Bank of Canada downgraded shares of Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. Sanford C. Bernstein upgraded Unilever from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. DZ Bank upgraded Unilever from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Finally, StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.33.

Unilever Stock Performance

UL stock opened at $57.74 on Tuesday. The firm has a market capitalization of $143.28 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 1.60 and a beta of 0.47. The company’s 50 day moving average price is $56.60 and its 200 day moving average price is $59.90. 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 disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a dividend of $0.4674 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.87 dividend on an annualized basis and a yield of 3.24%. Unilever’s payout ratio is 53.01%.

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.