Avidian Wealth Solutions LLC Purchases 216 Shares of Unilever PLC (NYSE:UL)

Avidian Wealth Solutions LLC boosted its position in Unilever PLC (NYSE:UL) by 1.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,616 shares of the company’s stock after purchasing an additional 216 shares during the quarter. Avidian Wealth Solutions LLC’s holdings in Unilever were worth $1,048,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its holdings in Unilever by 9.8% in the 4th quarter. Fisher Asset Management LLC now owns 10,843,977 shares of the company’s stock valued at $525,716,000 after acquiring an additional 965,173 shares in the last quarter. FMR LLC increased its stake in Unilever by 6.4% in the third quarter. FMR LLC now owns 8,548,447 shares of the company’s stock valued at $422,293,000 after acquiring an additional 515,088 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Unilever by 35.3% during the third quarter. Envestnet Asset Management Inc. now owns 4,748,095 shares of the company’s stock worth $234,556,000 after purchasing an additional 1,238,734 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Unilever by 1.8% in the 3rd quarter. Royal Bank of Canada now owns 3,819,083 shares of the company’s stock valued at $188,664,000 after purchasing an additional 67,190 shares in the last quarter. Finally, Manning & Napier Group LLC increased its stake in shares of Unilever by 1.4% in the 4th quarter. Manning & Napier Group LLC now owns 3,332,954 shares of the company’s stock valued at $161,582,000 after purchasing an additional 47,256 shares during the last quarter. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Trading Up 0.2 %

Shares of NYSE:UL traded up $0.11 during midday trading on Friday, hitting $52.13. 4,413,133 shares of the company’s stock were exchanged, compared to its average volume of 3,468,891. Unilever PLC has a 12 month low of $46.16 and a 12 month high of $55.69. The stock has a 50 day moving average price of $49.21 and a 200-day moving average price of $48.69.

Unilever Cuts Dividend

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

Analyst Ratings Changes

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