Unilever PLC (NYSE:UL) Shares Bought by Mission Wealth Management LP

Mission Wealth Management LP lifted its position in shares of Unilever PLC (NYSE:UL) by 12.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 5,511 shares of the company’s stock after acquiring an additional 620 shares during the quarter. Mission Wealth Management LP’s holdings in Unilever were worth $267,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in UL. Jones Financial Companies Lllp raised its stake in shares of Unilever by 111.5% in 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 4th quarter valued at $27,000. VisionPoint Advisory Group LLC lifted its stake in Unilever by 215.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock worth $29,000 after acquiring an additional 400 shares in the last quarter. Evolution Advisers Inc. purchased a new position in Unilever during the 4th quarter valued at about $34,000. Finally, Planned Solutions Inc. purchased a new position in Unilever during the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on UL shares. Morgan Stanley lowered shares of Unilever from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $52.00 to $48.00 in a research note on Tuesday, February 27th. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a report on Wednesday. Three analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $48.00.

Unilever Price Performance

Shares of NYSE UL opened at $52.13 on Friday. Unilever PLC has a 52-week low of $46.16 and a 52-week high of $55.69. The business has a 50-day moving average price of $49.18 and a 200 day moving average price of $48.66.

Unilever Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be issued a $0.4556 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend is Thursday, May 16th.

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.