Bard Financial Services Inc. bought a new position in Unilever PLC (NYSE:UL) during the fourth quarter, HoldingsChannel reports. The firm bought 22,000 shares of the company’s stock, valued at approximately $1,328,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Legacy Wealth Asset Management LLC purchased a new stake in Unilever in the 4th quarter valued at $423,000. Valley Brook Capital Group purchased a new stake in Unilever in the 4th quarter valued at $30,000. Lorne Steinberg Wealth Management Inc. purchased a new stake in Unilever in the 4th quarter valued at $4,309,000. Carret Asset Management LLC raised its position in Unilever by 59.6% in the 4th quarter. Carret Asset Management LLC now owns 5,457 shares of the company’s stock valued at $329,000 after buying an additional 2,037 shares during the last quarter. Finally, HM Payson & Co. raised its position in Unilever by 30.4% in the 4th quarter. HM Payson & Co. now owns 78,300 shares of the company’s stock valued at $4,726,000 after buying an additional 18,262 shares during the last quarter.
A number of equities research analysts recently commented on UL shares. Zacks Investment Research lowered Unilever from a “hold” rating to a “sell” rating in a research report on Wednesday, February 10th. Societe Generale lowered Unilever from a “buy” rating to a “sell” rating in a research report on Thursday. Six research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $57.00.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 17th. Investors of record on Friday, February 26th were issued a $0.5139 dividend. The ex-dividend date of this dividend was Thursday, February 25th. This represents a $2.06 annualized dividend and a yield of 3.63%. This is a positive change from Unilever’s previous quarterly dividend of $0.48. Unilever’s dividend payout ratio (DPR) is 71.33%.
Unilever PLC operates as a fast-moving consumer goods company in Asia, Africa, the Middle East, Turkey, Russia, Ukraine, Belarus, the Americas, and Europe. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment provides skin care and hair care products, deodorants, and skin cleansing products under the Axe, Clear, Dove, Lifebuoy, Lux, Pond's, Rexona, Signal, Suave, Sunsilk, TRESemmÃ©, and Vaseline brands.
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