Matrix Asset Advisors Inc. NY Boosts Stock Position in Unilever PLC (NYSE:UL)

Matrix Asset Advisors Inc. NY increased its stake in Unilever PLC (NYSE:ULGet Rating) by 0.4% during the 2nd quarter, reports. The institutional investor owned 128,439 shares of the company’s stock after buying an additional 497 shares during the quarter. Matrix Asset Advisors Inc. NY’s holdings in Unilever were worth $5,886,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Prospera Financial Services Inc lifted its holdings in shares of Unilever by 13.3% during the 1st quarter. Prospera Financial Services Inc now owns 5,893 shares of the company’s stock valued at $269,000 after buying an additional 692 shares during the period. Seelaus Asset Management LLC bought a new stake in shares of Unilever during the 1st quarter valued at $924,000. Sound Income Strategies LLC increased its stake in shares of Unilever by 5,146.0% in the 1st quarter. Sound Income Strategies LLC now owns 36,722 shares of the company’s stock worth $1,673,000 after purchasing an additional 36,022 shares in the last quarter. Vise Technologies Inc. purchased a new position in Unilever during the first quarter valued at $301,000. Finally, Western Pacific Wealth Management LP bought a new stake in Unilever during the fourth quarter valued at about $39,000. Hedge funds and other institutional investors own 9.68% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft raised Unilever from a “hold” rating to a “buy” rating in a research note on Tuesday, July 26th. Sanford C. Bernstein upgraded shares of Unilever from a “market perform” rating to an “outperform” rating in a research report on Friday, July 22nd. DZ Bank cut Unilever from a “buy” rating to a “hold” rating in a report on Wednesday, July 27th. Finally, started coverage on Unilever in a research report on Friday, September 16th. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Unilever Stock Performance

NYSE UL traded down $1.66 during trading on Friday, hitting $44.00. 53,096 shares of the stock traded hands, compared to its average volume of 1,933,305. Unilever PLC has a 12-month low of $42.54 and a 12-month high of $55.20. The firm has a 50-day simple moving average of $46.77 and a 200-day simple moving average of $45.79.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Friday, August 5th were paid a dividend of $0.4555 per share. This is a positive change from Unilever’s previous quarterly dividend of $0.45. This represents a $1.82 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend was Thursday, August 4th.

Unilever Company Profile

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Unilever PLC operates as a fast-moving consumer goods company. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment provides skin care and hair care products, deodorants, and skin cleansing products. The Foods & Refreshment segment offers ice cream, soups, bouillons, seasonings, mayonnaise, ketchups, and tea categories.

See Also

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Institutional Ownership by Quarter for Unilever (NYSE:UL)

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