Harbour Investments Inc. Purchases 600 Shares of Unilever PLC (NYSE:UL)

Harbour Investments Inc. boosted its position in Unilever PLC (NYSE:UL) by 19.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,613 shares of the company’s stock after buying an additional 600 shares during the quarter. Harbour Investments Inc.’s holdings in Unilever were worth $205,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Royce & Associates LP boosted its position in Unilever by 8.2% in the fourth quarter. Royce & Associates LP now owns 66,000 shares of the company’s stock valued at $3,742,000 after buying an additional 5,000 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in Unilever by 6.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 160,534 shares of the company’s stock valued at $9,102,000 after buying an additional 9,590 shares in the last quarter. Avalon Trust Co boosted its position in Unilever by 166.7% in the fourth quarter. Avalon Trust Co now owns 1,600 shares of the company’s stock valued at $91,000 after buying an additional 1,000 shares in the last quarter. Natixis Advisors LLC boosted its position in Unilever by 0.7% in the fourth quarter. Natixis Advisors LLC now owns 1,309,586 shares of the company’s stock valued at $74,253,000 after buying an additional 8,949 shares in the last quarter. Finally, Frank Rimerman Advisors LLC boosted its position in Unilever by 4.4% in the fourth quarter. Frank Rimerman Advisors LLC now owns 5,040 shares of the company’s stock valued at $286,000 after buying an additional 212 shares in the last quarter. 9.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

UL has been the topic of a number of research analyst reports. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Sanford C. Bernstein upgraded shares of Unilever from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. DZ Bank upgraded shares of Unilever from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Finally, Royal Bank of Canada lowered shares of Unilever from a “sector perform” rating to an “underperform” rating in a report on Monday, January 6th. 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 given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.33.

Unilever Stock Down 1.0 %

UL stock opened at $58.64 on Friday. The firm has a market cap of $145.50 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 1.60 and a beta of 0.47. Unilever PLC has a 12-month low of $46.46 and a 12-month high of $65.87. The company’s fifty day simple moving average is $57.28 and its 200 day simple moving average is $59.49.

Unilever Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a $0.4674 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.87 annualized dividend and a yield of 3.19%. 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.