Summit Trail Advisors LLC Acquires 718 Shares of Unilever PLC (NYSE:UL)

Summit Trail Advisors LLC boosted its stake in Unilever PLC (NYSE:UL) by 16.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,217 shares of the company’s stock after buying an additional 718 shares during the quarter. Summit Trail Advisors LLC’s holdings in Unilever were worth $253,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of UL. Jones Financial Companies Lllp lifted its position in Unilever by 111.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 552 shares of the company’s stock valued at $27,000 after acquiring an additional 291 shares during the period. Life Planning Partners Inc purchased a new stake in shares of Unilever in the fourth quarter worth $27,000. VisionPoint Advisory Group LLC raised its position in shares of Unilever by 215.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock worth $29,000 after purchasing an additional 400 shares during the last quarter. Evolution Advisers Inc. purchased a new position in shares of Unilever in the 4th quarter worth about $34,000. Finally, Planned Solutions Inc. purchased a new stake in Unilever during the 4th quarter valued at about $44,000. 9.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Argus upped their price target on Unilever from $58.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Morgan Stanley lowered Unilever from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $52.00 to $48.00 in a research report on Tuesday, February 27th. Three analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Unilever has a consensus rating of “Hold” and an average target price of $54.00.

Unilever Price Performance

Shares of UL stock opened at $52.69 on Thursday. Unilever PLC has a 1 year low of $46.16 and a 1 year high of $55.08. The firm has a fifty day moving average price of $49.30 and a 200-day moving average price of $48.75.

Unilever Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be given a $0.4556 dividend. The ex-dividend date is Thursday, May 16th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.46%.

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.