Portside Wealth Group LLC Has $2.62 Million Position in Unilever PLC (NYSE:UL)

Portside Wealth Group LLC reduced its position in shares of Unilever PLC (NYSE:UL) by 2.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,063 shares of the company’s stock after selling 1,153 shares during the quarter. Portside Wealth Group LLC’s holdings in Unilever were worth $2,624,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of UL. Golden State Wealth Management LLC acquired a new position in shares of Unilever in the fourth quarter worth $26,000. VSM Wealth Advisory LLC acquired a new position in shares of Unilever in the fourth quarter worth $28,000. Roxbury Financial LLC acquired a new position in shares of Unilever in the fourth quarter worth $30,000. Vermillion Wealth Management Inc. acquired a new position in shares of Unilever in the fourth quarter worth $30,000. Finally, Mainstream Capital Management LLC acquired a new position in shares of Unilever in the fourth quarter worth $31,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Stock Performance

NYSE UL opened at $63.03 on Monday. The stock has a 50-day simple moving average of $62.40 and a 200 day simple moving average of $59.32. Unilever PLC has a twelve month low of $54.32 and a twelve month high of $65.87. The stock has a market capitalization of $154.91 billion, a PE ratio of 18.06, a P/E/G ratio of 1.60 and a beta of 0.43.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 16th will be given a $0.5151 dividend. This is an increase from Unilever’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend is Friday, May 16th. Unilever’s payout ratio is currently 59.03%.

Analyst Ratings Changes

UL has been the topic of a number of research reports. Wall Street Zen downgraded shares of Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. BNP Paribas upgraded shares of Unilever to a “strong-buy” rating in a report on Thursday, May 29th. BNP Paribas Exane started coverage on shares of Unilever in a report on Thursday, May 29th. They issued an “outperform” rating and a $73.00 price objective for the company. UBS Group upgraded shares of Unilever from a “strong sell” rating to a “hold” rating in a report on Friday, May 2nd. Finally, DZ Bank upgraded shares of Unilever from a “hold” rating to a “buy” rating in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Unilever presently has a consensus rating of “Moderate Buy” and an average target price of $70.67.

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.