Brooklyn FI LLC Takes $511,000 Position in Unilever PLC (NYSE:UL)

Brooklyn FI LLC purchased a new stake in shares of Unilever PLC (NYSE:UL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,512 shares of the company’s stock, valued at approximately $511,000.

Other large investors have also recently added to or reduced their stakes in the company. Auxano Advisors LLC raised its holdings in shares of Unilever by 1.7% during the fourth quarter. Auxano Advisors LLC now owns 30,840 shares of the company’s stock worth $1,749,000 after purchasing an additional 522 shares during the period. Stonegate Investment Group LLC boosted its holdings in shares of Unilever by 155.2% in the 4th quarter. Stonegate Investment Group LLC now owns 8,415 shares of the company’s stock valued at $477,000 after buying an additional 5,117 shares during the period. Oppenheimer Asset Management Inc. grew its position in shares of Unilever by 1.5% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 655,964 shares of the company’s stock valued at $37,193,000 after buying an additional 9,528 shares during the last quarter. Verition Fund Management LLC acquired a new stake in Unilever during the third quarter worth about $11,694,000. Finally, Choreo LLC lifted its holdings in Unilever by 17.4% in the fourth quarter. Choreo LLC now owns 43,210 shares of the company’s stock worth $2,452,000 after acquiring an additional 6,404 shares during the last quarter. 9.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on UL. Sanford C. Bernstein raised Unilever from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. DZ Bank upgraded Unilever from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Finally, 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. Two analysts have rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.33.

Unilever Stock Performance

Shares of UL stock opened at $58.91 on Thursday. Unilever PLC has a 1 year low of $46.46 and a 1 year high of $65.87. The firm has a market capitalization of $146.19 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 1.60 and a beta of 0.47. The stock has a fifty day moving average of $57.15 and a two-hundred day moving average of $59.57.

Unilever Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a $0.4674 dividend. This represents a $1.87 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend is Friday, February 28th. Unilever’s payout ratio is currently 53.01%.

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.