Wallace Advisory Group LLC Grows Holdings in Unilever PLC (NYSE:UL)

Wallace Advisory Group LLC increased its holdings in Unilever PLC (NYSE:UL) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,303 shares of the company’s stock after acquiring an additional 234 shares during the quarter. Wallace Advisory Group LLC’s holdings in Unilever were worth $301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of UL. Abich Financial Wealth Management LLC increased its stake in shares of Unilever by 393.5% during the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock valued at $29,000 after purchasing an additional 425 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new position in Unilever during the 3rd quarter valued at approximately $35,000. Jamison Private Wealth Management Inc. raised its stake 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 buying an additional 405 shares during the last quarter. Brooklyn Investment Group bought a new stake in Unilever in the third quarter worth $40,000. Finally, Coastline Trust Co purchased a new stake in shares of Unilever in the third quarter worth $48,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Stock Down 0.1 %

Shares of UL stock opened at $55.06 on Tuesday. The company has a 50 day moving average price of $58.00 and a 200-day moving average price of $60.35. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87. The firm has a market capitalization of $136.44 billion, a PE ratio of 16.58, a P/E/G ratio of 1.80 and a beta of 0.49.

Unilever Increases Dividend

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

Wall Street Analysts Forecast Growth

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

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.