Crux Wealth Advisors Buys New Stake in Unilever PLC (NYSE:UL)

Crux Wealth Advisors purchased a new stake in Unilever PLC (NYSE:UL) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 6,605 shares of the company’s stock, valued at approximately $375,000.

Several other hedge funds have also bought and sold shares of the stock. Golden State Wealth Management LLC purchased a new position in shares of Unilever in the fourth quarter valued at $26,000. Financial Life Planners bought a new position in Unilever during the fourth quarter valued at $28,000. VSM Wealth Advisory LLC purchased a new position in shares of Unilever in the 4th quarter worth $28,000. Roxbury Financial LLC purchased a new stake in shares of Unilever during the 4th quarter valued at about $30,000. Finally, Mainstream Capital Management LLC purchased a new stake in shares of Unilever during the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Analyst Ratings Changes

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

Unilever Stock Performance

Shares of UL stock opened at $61.88 on Friday. The stock has a 50 day moving average price of $58.22 and a 200 day moving average price of $58.85. Unilever PLC has a 52-week low of $46.46 and a 52-week high of $65.87. The firm has a market capitalization of $153.28 billion, a P/E ratio of 17.73, a P/E/G ratio of 1.60 and a beta of 0.42.

Unilever Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were paid a dividend of $0.4674 per share. This represents a $1.87 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date was Friday, February 28th. Unilever’s dividend payout ratio is currently 53.01%.

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.