Union Bancaire Privee UBP SA Purchases New Shares in Unilever PLC (NYSE:UL)

Union Bancaire Privee UBP SA bought a new position in shares of Unilever PLC (NYSE:UL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 706 shares of the company’s stock, valued at approximately $40,000.

Other hedge funds have also recently modified their holdings of the company. MONECO Advisors LLC purchased a new stake in Unilever in the fourth quarter worth $221,000. Wealthspire Advisors LLC raised its stake in shares of Unilever by 4.6% in the fourth quarter. Wealthspire Advisors LLC now owns 14,622 shares of the company’s stock valued at $829,000 after buying an additional 642 shares during the period. Redmond Asset Management LLC raised its stake in shares of Unilever by 0.9% in the fourth quarter. Redmond Asset Management LLC now owns 54,859 shares of the company’s stock valued at $3,111,000 after buying an additional 463 shares during the period. Oxbow Advisors LLC raised its stake in Unilever by 4.3% in the 4th quarter. Oxbow Advisors LLC now owns 131,776 shares of the company’s stock valued at $7,472,000 after acquiring an additional 5,419 shares during the period. Finally, Bell Bank raised its stake in Unilever by 18.5% in the 4th quarter. Bell Bank now owns 111,816 shares of the company’s stock valued at $6,340,000 after acquiring an additional 17,463 shares during the period. Institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

Shares of UL opened at $55.87 on Wednesday. The business’s 50 day moving average price is $56.66 and its 200-day moving average price is $60.01. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87.

Unilever Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.4674 per share. This represents a $1.87 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date is Friday, February 28th.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on UL. DZ Bank raised shares of Unilever from a “hold” rating to a “buy” rating in a report on Friday, February 21st. StockNews.com lowered Unilever from a “buy” rating to a “hold” rating in a research note on Wednesday. Erste Group Bank reiterated a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. Sanford C. Bernstein upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Finally, Royal Bank of Canada lowered shares of Unilever from a “sector perform” rating to an “underperform” rating in a report on Monday, January 6th. Three research analysts have rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $61.75.

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.