Modern Wealth Management LLC Has $796,000 Stock Holdings in Unilever PLC (NYSE:UL)

Modern Wealth Management LLC lifted its position in shares of Unilever PLC (NYSE:UL) by 1.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,654 shares of the company’s stock after buying an additional 190 shares during the quarter. Modern Wealth Management LLC’s holdings in Unilever were worth $796,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of UL. Pinion Investment Advisors LLC raised its stake in Unilever by 2.0% in the 4th quarter. Pinion Investment Advisors LLC now owns 9,250 shares of the company’s stock worth $524,000 after purchasing an additional 177 shares in the last quarter. Timber Creek Capital Management LLC increased its holdings in shares of Unilever by 0.5% during the third quarter. Timber Creek Capital Management LLC now owns 39,530 shares of the company’s stock worth $2,568,000 after purchasing an additional 182 shares during the period. Farmers & Merchants Investments Inc. raised its position in shares of Unilever by 3.4% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 5,646 shares of the company’s stock valued at $320,000 after buying an additional 185 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its stake in shares of Unilever by 6.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,966 shares of the company’s stock valued at $168,000 after buying an additional 185 shares during the period. Finally, Alhambra Investment Management LLC grew its position in Unilever by 4.2% during the fourth quarter. Alhambra Investment Management LLC now owns 4,586 shares of the company’s stock worth $260,000 after buying an additional 186 shares in the last quarter. Institutional investors own 9.67% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Sanford C. Bernstein upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Royal Bank of Canada lowered shares of Unilever from a “sector perform” rating to an “underperform” rating in a report on Monday, January 6th. Finally, DZ Bank raised shares of Unilever from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Unilever presently has an average rating of “Moderate Buy” and a consensus target price of $66.33.

Unilever Trading Up 0.1 %

UL stock opened at $58.17 on Thursday. The firm has a 50-day moving average price of $57.48 and a 200-day moving average price of $59.34. Unilever PLC has a 12 month low of $46.46 and a 12 month high of $65.87. The stock has a market capitalization of $144.09 billion, a P/E ratio of 16.67, a price-to-earnings-growth ratio of 1.60 and a beta of 0.47.

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 paid a $0.4674 dividend. This represents a $1.87 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend is Friday, February 28th. Unilever’s payout ratio is 53.01%.

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.