Sierra Ocean LLC Invests $315,000 in Unilever PLC (NYSE:UL)

Sierra Ocean LLC purchased a new position in Unilever PLC (NYSE:UL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 5,553 shares of the company’s stock, valued at approximately $315,000.

A number of other hedge funds have also recently made changes to their positions in UL. Fisher Asset Management LLC raised its holdings in Unilever by 7.1% in the 3rd quarter. Fisher Asset Management LLC now owns 16,726,400 shares of the company’s stock worth $1,086,547,000 after acquiring an additional 1,114,177 shares during the last quarter. Jennison Associates LLC raised its holdings in Unilever by 66.4% in the 4th quarter. Jennison Associates LLC now owns 3,454,686 shares of the company’s stock worth $195,881,000 after acquiring an additional 1,378,517 shares during the last quarter. Hamlin Capital Management LLC raised its holdings in Unilever by 7.8% in the 4th quarter. Hamlin Capital Management LLC now owns 2,874,929 shares of the company’s stock worth $163,008,000 after acquiring an additional 207,549 shares during the last quarter. Bank of Montreal Can raised its holdings in Unilever by 3.7% in the 3rd quarter. Bank of Montreal Can now owns 1,812,164 shares of the company’s stock worth $118,588,000 after acquiring an additional 63,835 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Unilever by 18.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,240,653 shares of the company’s stock worth $70,132,000 after acquiring an additional 190,753 shares during the last quarter. 9.67% of the stock is owned by institutional investors.

Unilever Trading Down 1.9 %

Shares of UL opened at $54.89 on Monday. Unilever PLC has a 1-year low of $46.46 and a 1-year high of $65.87. The firm has a fifty day simple moving average of $57.13 and a two-hundred day simple moving average of $60.30.

Unilever Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a $0.4674 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.87 annualized dividend and a dividend yield of 3.41%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on UL shares. Erste Group Bank restated a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Royal Bank of Canada lowered shares of Unilever from a “sector perform” rating to an “underperform” rating in a report on Monday, January 6th. StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Sanford C. Bernstein upgraded shares of Unilever from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target 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.