Strive Asset Management LLC Purchases Shares of 9,536 Unilever PLC (NYSE:UL)

Strive Asset Management LLC purchased a new stake in Unilever PLC (NYSE:UL) in the 4th quarter, Holdings Channel reports. The firm purchased 9,536 shares of the company’s stock, valued at approximately $541,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in Unilever during the 4th quarter worth approximately $26,000. Financial Life Planners acquired a new position in Unilever during the 4th quarter worth approximately $28,000. VSM Wealth Advisory LLC purchased a new position in shares of Unilever during the 4th quarter valued at approximately $28,000. Roxbury Financial LLC purchased a new position in shares of Unilever during the 4th quarter valued at approximately $30,000. Finally, Mainstream Capital Management LLC purchased a new position in shares of Unilever during the 4th quarter valued at approximately $31,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Stock Down 0.1%

UL opened at $61.78 on Friday. The firm has a market capitalization of $152.37 billion, a P/E ratio of 17.70, a price-to-earnings-growth ratio of 1.60 and a beta of 0.44. The stock’s 50 day moving average price is $61.07 and its two-hundred day moving average price is $58.85. Unilever PLC has a 12-month low of $53.50 and a 12-month high of $65.87.

Unilever Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 16th will be paid a $0.5151 dividend. This is a positive change from Unilever’s previous quarterly dividend of $0.47. The ex-dividend date is Friday, May 16th. This represents a $2.06 annualized dividend and a yield of 3.33%. Unilever’s payout ratio is currently 59.03%.

Analyst Upgrades and Downgrades

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

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.