JPL Wealth Management LLC Acquires New Position in Unilever PLC (NYSE:UL)

JPL Wealth Management LLC purchased a new position in shares of Unilever PLC (NYSE:UL) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 56,115 shares of the company’s stock, valued at approximately $3,182,000.

A number of other large investors also recently bought and sold shares of UL. DecisionMap Wealth Management LLC acquired a new stake in shares of Unilever in the fourth quarter worth $507,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Unilever by 19.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 203,903 shares of the company’s stock worth $11,561,000 after acquiring an additional 32,519 shares in the last quarter. Avantax Advisory Services Inc. increased its position in shares of Unilever by 4.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 79,191 shares of the company’s stock worth $4,490,000 after acquiring an additional 3,466 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Unilever by 69.9% in the fourth quarter. Farther Finance Advisors LLC now owns 80,747 shares of the company’s stock worth $4,578,000 after acquiring an additional 33,215 shares in the last quarter. Finally, Saturna Capital Corp increased its position in shares of Unilever by 4.1% in the fourth quarter. Saturna Capital Corp now owns 597,643 shares of the company’s stock worth $33,886,000 after acquiring an additional 23,318 shares in the last quarter. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

Shares of UL stock opened at $59.07 on Thursday. The firm has a market cap of $146.57 billion, a P/E ratio of 16.92, a P/E/G ratio of 1.60 and a beta of 0.47. Unilever PLC has a 1-year low of $46.46 and a 1-year high of $65.87. The firm has a fifty day moving average of $56.86 and a two-hundred day moving average of $59.76.

Unilever Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a $0.4674 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.87 dividend on an annualized basis and a dividend yield of 3.17%. Unilever’s payout ratio is currently 53.01%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada lowered shares of Unilever from a “sector perform” rating to an “underperform” rating in a research report on Monday, January 6th. Sanford C. Bernstein raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a report on Friday, March 7th. DZ Bank raised shares of Unilever from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.33.

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.