Tyler Stone Wealth Management Increases Holdings in Unilever PLC (NYSE:UL)

Tyler Stone Wealth Management increased its position in shares of Unilever PLC (NYSE:UL) by 2.8% in the fourth quarter, HoldingsChannel reports. The firm owned 6,576 shares of the company’s stock after acquiring an additional 180 shares during the quarter. Tyler Stone Wealth Management’s holdings in Unilever were worth $373,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of Unilever in the 4th quarter valued at $176,806,000. Jennison Associates LLC boosted its holdings in Unilever by 66.4% in the fourth quarter. Jennison Associates LLC now owns 3,454,686 shares of the company’s stock valued at $195,881,000 after purchasing an additional 1,378,517 shares during the last quarter. Fisher Asset Management LLC grew its position in Unilever by 7.3% during 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 during the period. Proficio Capital Partners LLC acquired a new stake in Unilever during the 4th quarter worth about $11,895,000. Finally, Hamlin Capital Management LLC raised 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 last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on UL. Sanford C. Bernstein raised Unilever from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. Royal Bank of Canada lowered shares of Unilever from a “sector perform” rating to an “underperform” rating in a report on Monday, January 6th. DZ Bank raised shares of Unilever from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Finally, StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.33.

Unilever Stock Performance

Shares of NYSE UL opened at $58.17 on Thursday. The firm has a fifty day moving average of $57.48 and a 200 day moving average of $59.34. The firm has a market cap of $144.09 billion, a PE ratio of 16.67, a PEG ratio of 1.60 and a beta of 0.47. Unilever PLC has a one year low of $46.46 and a one year high of $65.87.

Unilever Cuts Dividend

The business also recently announced 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 3.21%. Unilever’s dividend payout ratio is currently 53.01%.

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.