Yousif Capital Management LLC Grows Stock Position in Unilever PLC (NYSE:UL)

Yousif Capital Management LLC boosted its stake in Unilever PLC (NYSE:UL) by 6.4% in the fourth quarter, Holdings Channel reports. The fund owned 43,997 shares of the company’s stock after buying an additional 2,630 shares during the quarter. Yousif Capital Management LLC’s holdings in Unilever were worth $2,133,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UL. Envestnet Asset Management Inc. boosted its stake in shares of Unilever by 35.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,748,095 shares of the company’s stock valued at $234,556,000 after buying an additional 1,238,734 shares during the last quarter. FMR LLC boosted its stake in shares of Unilever by 6.4% during the 3rd quarter. FMR LLC now owns 8,548,447 shares of the company’s stock valued at $422,293,000 after buying an additional 515,088 shares during the last quarter. Hsbc Holdings PLC boosted its stake in shares of Unilever by 4,657.3% during the 3rd quarter. Hsbc Holdings PLC now owns 431,296 shares of the company’s stock valued at $21,302,000 after buying an additional 422,230 shares during the last quarter. Saratoga Research & Investment Management boosted its stake in shares of Unilever by 13.1% during the 3rd quarter. Saratoga Research & Investment Management now owns 2,512,592 shares of the company’s stock valued at $124,122,000 after buying an additional 290,690 shares during the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its stake in shares of Unilever by 25.5% during the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,215,003 shares of the company’s stock valued at $58,903,000 after buying an additional 247,004 shares during the last quarter. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Stock Up 0.7 %

Shares of NYSE UL opened at $51.87 on Wednesday. Unilever PLC has a 1-year low of $46.16 and a 1-year high of $55.77. The business’s fifty day moving average price is $49.14 and its two-hundred day moving average price is $48.61.

Unilever Cuts Dividend

The business also recently announced 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. This represents a $1.82 annualized dividend and a yield of 3.51%. The ex-dividend date is Thursday, May 16th.

Analysts Set New Price Targets

UL has been the topic of several research reports. Morgan Stanley lowered Unilever from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $52.00 to $48.00 in a research report on Tuesday, February 27th. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a research 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 company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $48.00.

Unilever 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.