Unilever PLC (NYSE:UL) Position Boosted by Diversified Trust Co

Diversified Trust Co lifted its stake in Unilever PLC (NYSE:UL) by 11.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,359 shares of the company’s stock after purchasing an additional 653 shares during the quarter. Diversified Trust Co’s holdings in Unilever were worth $361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in UL. Abich Financial Wealth Management LLC increased its position in Unilever by 393.5% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock worth $29,000 after purchasing an additional 425 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in Unilever in the third quarter worth approximately $35,000. Jamison Private Wealth Management Inc. raised its position in Unilever by 202.5% during the third quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock valued at $39,000 after acquiring an additional 405 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Unilever in the third quarter valued at approximately $40,000. Finally, Coastline Trust Co bought a new stake in Unilever in the third quarter worth approximately $48,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Stock Performance

Shares of NYSE:UL opened at $55.14 on Friday. Unilever PLC has a 52-week low of $46.46 and a 52-week high of $65.87. The company has a market cap of $136.63 billion, a P/E ratio of 16.61, a P/E/G ratio of 1.80 and a beta of 0.49. The stock’s 50-day moving average is $58.13 and its 200-day moving average is $60.32.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 8th were given a $0.4755 dividend. This is an increase from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 annualized dividend and a yield of 3.45%. The ex-dividend date was Friday, November 8th. Unilever’s payout ratio is currently 56.63%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on UL. Royal Bank of Canada lowered shares of Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. StockNews.com cut Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Erste Group Bank reissued a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Unilever has a consensus rating of “Hold” and a consensus target price of $61.75.

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.