Union Bancaire Privee UBP SA Buys Shares of 706 Unilever PLC (NYSE:UL)

Union Bancaire Privee UBP SA bought a new stake in shares of Unilever PLC (NYSE:UL) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 706 shares of the company’s stock, valued at approximately $40,000.

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

Analysts Set New Price Targets

Several research firms have weighed in on UL. Royal Bank of Canada lowered Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. DZ Bank upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Sanford C. Bernstein upgraded shares of Unilever from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $61.75.

Unilever Price Performance

UL stock opened at $55.87 on Wednesday. Unilever PLC has a 12 month low of $46.46 and a 12 month high of $65.87. The company’s 50-day moving average price is $56.66 and its two-hundred day moving average price is $60.01.

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 given a dividend of $0.4674 per share. This represents a $1.87 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date is Friday, February 28th.

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.