Mezzasalma Advisors LLC Makes New $298,000 Investment in Unilever PLC (NYSE:UL)

Mezzasalma Advisors LLC bought a new stake in Unilever PLC (NYSE:UL) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,945 shares of the company’s stock, valued at approximately $298,000.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Unilever in the fourth quarter valued at approximately $151,263,000. Wellington Management Group LLP raised its holdings in Unilever by 3.3% in the 4th quarter. Wellington Management Group LLP now owns 34,494,131 shares of the company’s stock valued at $1,672,275,000 after acquiring an additional 1,114,417 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Unilever by 9.8% during 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 during the period. Corient Private Wealth LLC grew its holdings in shares of Unilever by 121.3% during the 4th quarter. Corient Private Wealth LLC now owns 1,352,472 shares of the company’s stock worth $65,568,000 after purchasing an additional 741,363 shares in the last quarter. Finally, Morningstar Investment Services LLC increased its position in shares of Unilever by 97.9% in the fourth quarter. Morningstar Investment Services LLC now owns 1,212,262 shares of the company’s stock worth $58,770,000 after purchasing an additional 599,759 shares during the period. Institutional investors own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on UL shares. StockNews.com downgraded shares of Unilever from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. Redburn Atlantic raised shares of Unilever from a “neutral” rating to a “buy” rating in a research note on Friday, June 7th. JPMorgan Chase & Co. upgraded shares of Unilever from an “underweight” rating to an “overweight” rating in a research report on Thursday, May 23rd. Finally, Argus lifted their price target on Unilever from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Unilever presently has an average rating of “Hold” and a consensus target price of $54.00.

Unilever Stock Up 0.3 %

Shares of NYSE:UL traded up $0.17 during trading on Thursday, hitting $54.99. 921,672 shares of the company were exchanged, compared to its average volume of 2,062,526. Unilever PLC has a 1-year low of $46.16 and a 1-year high of $56.47. The business’s 50 day moving average is $54.44 and its 200-day moving average is $50.82.

Unilever Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were given a dividend of $0.4556 per share. This represents a $1.82 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend was Thursday, May 16th.

About Unilever

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.