Wynn Capital LLC Acquires 380 Shares of Unilever PLC (NYSE:UL)

Wynn Capital LLC increased its stake in Unilever PLC (NYSE:UL) by 2.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 16,590 shares of the company’s stock after acquiring an additional 380 shares during the quarter. Wynn Capital LLC’s holdings in Unilever were worth $941,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Unilever by 16.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 110,528 shares of the company’s stock valued at $7,180,000 after acquiring an additional 15,941 shares in the last quarter. Verition Fund Management LLC purchased a new position in Unilever during the 3rd quarter valued at about $11,694,000. Bank of Montreal Can increased its position in Unilever by 249.5% during the 2nd quarter. Bank of Montreal Can now owns 1,748,329 shares of the company’s stock valued at $98,204,000 after purchasing an additional 1,248,136 shares during the period. WCM Investment Management LLC boosted its stake in shares of Unilever by 236.2% during the third quarter. WCM Investment Management LLC now owns 30,520 shares of the company’s stock valued at $1,997,000 after purchasing an additional 21,441 shares in the last quarter. Finally, Radnor Capital Management LLC purchased a new position in Unilever during the third quarter valued at approximately $1,388,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Stock Performance

Shares of UL stock opened at $54.74 on Wednesday. The stock’s 50-day simple moving average is $57.86 and its 200-day simple moving average is $60.35. The firm has a market capitalization of $135.64 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 1.80 and a beta of 0.49. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 8th were paid a dividend of $0.4755 per share. This is an increase from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend was Friday, November 8th. Unilever’s payout ratio is presently 56.63%.

Analyst Upgrades and Downgrades

UL has been the subject of a number of analyst reports. Sanford C. Bernstein upgraded Unilever from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. Royal Bank of Canada downgraded Unilever from a “sector perform” rating to an “underperform” rating in a research report on Monday, January 6th. Erste Group Bank reiterated a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Finally, StockNews.com lowered 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, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Unilever has an average rating of “Hold” and a consensus target price 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.