Quadcap Wealth Management LLC Lowers Stock Position in Unilever PLC (NYSE:UL)

Quadcap Wealth Management LLC lessened its holdings in Unilever PLC (NYSE:UL) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,452 shares of the company’s stock after selling 954 shares during the quarter. Quadcap Wealth Management LLC’s holdings in Unilever were worth $1,897,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Golden State Wealth Management LLC acquired a new stake in shares of Unilever during the 4th quarter valued at approximately $26,000. Financial Life Planners acquired a new stake in shares of Unilever during the 4th quarter valued at approximately $28,000. VSM Wealth Advisory LLC acquired a new position in shares of Unilever during the 4th quarter worth approximately $28,000. Roxbury Financial LLC acquired a new position in shares of Unilever during the 4th quarter worth approximately $30,000. Finally, Mainstream Capital Management LLC acquired a new position in shares of Unilever during the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on UL. UBS Group upgraded Unilever from a “strong sell” rating to a “hold” rating in a research report on Friday, May 2nd. StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. Finally, DZ Bank upgraded Unilever from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.50.

Unilever Stock Performance

Shares of UL opened at $60.66 on Thursday. The stock has a fifty day moving average of $60.99 and a two-hundred day moving average of $58.88. The company has a market capitalization of $149.60 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 1.60 and a beta of 0.44. Unilever PLC has a fifty-two week low of $53.50 and a fifty-two week high of $65.87.

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 issued a $0.5151 dividend. The ex-dividend date of this dividend is Friday, May 16th. This is an increase from Unilever’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a yield of 3.40%. Unilever’s payout ratio is 59.03%.

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.