Unilever PLC (NYSE:UL) Shares Acquired by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC boosted its stake in Unilever PLC (NYSE:UL) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,485 shares of the company’s stock after buying an additional 283 shares during the period. Transcend Capital Advisors LLC’s holdings in Unilever were worth $651,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in UL. Golden State Wealth Management LLC bought a new stake in shares of Unilever during the fourth quarter valued at approximately $26,000. Financial Life Planners bought a new stake in Unilever during the 4th quarter valued at $28,000. Roxbury Financial LLC acquired a new position in Unilever during the 4th quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Unilever during the 3rd quarter worth $35,000. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Unilever in the fourth quarter worth $36,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Stock Up 1.1 %

Shares of UL opened at $56.14 on Friday. Unilever PLC has a 12-month low of $46.46 and a 12-month high of $65.87. The firm’s 50 day moving average is $56.79 and its 200-day moving average is $60.09.

Unilever Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders 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 annualized dividend and a yield of 3.33%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on UL. DZ Bank raised shares of Unilever from a “hold” rating to a “buy” rating in a report on Friday. Erste Group Bank reiterated a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Royal Bank of Canada downgraded Unilever from a “sector perform” rating to an “underperform” rating in a research report on Monday, January 6th. Finally, Sanford C. Bernstein upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Three analysts have rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $61.75.

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.