Butensky & Cohen Financial Security Inc. Boosts Position in Unilever PLC (NYSE:UL)

Butensky & Cohen Financial Security Inc. grew its position in Unilever PLC (NYSE:UL) by 0.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,869 shares of the company’s stock after buying an additional 206 shares during the quarter. Unilever accounts for approximately 1.6% of Butensky & Cohen Financial Security Inc.’s holdings, making the stock its 16th biggest holding. Butensky & Cohen Financial Security Inc.’s holdings in Unilever were worth $5,209,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Abich Financial Wealth Management LLC increased its holdings in Unilever by 393.5% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock valued at $29,000 after acquiring an additional 425 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Unilever during the 3rd quarter worth approximately $35,000. Jamison Private Wealth Management Inc. raised its position in shares of Unilever by 202.5% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock worth $39,000 after purchasing an additional 405 shares during the last quarter. Brooklyn Investment Group purchased a new stake in Unilever in the 3rd quarter valued at approximately $40,000. Finally, Coastline Trust Co acquired a new stake in Unilever during the 3rd quarter valued at $48,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on UL shares. StockNews.com cut Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Royal Bank of Canada cut shares of Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. Sanford C. Bernstein raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $61.75.

Unilever Stock Up 0.4 %

NYSE:UL opened at $55.68 on Friday. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87. The firm’s 50 day moving average is $57.69 and its two-hundred day moving average is $60.27.

Unilever Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 8th were given a dividend of $0.4755 per share. This represents a $1.90 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend was Friday, November 8th. This is an increase from Unilever’s previous quarterly dividend of $0.35.

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.