Naviter Wealth LLC Purchases 2,950 Shares of Unilever PLC (NYSE:UL)

Naviter Wealth LLC lifted its position in Unilever PLC (NYSE:UL) by 7.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,387 shares of the company’s stock after acquiring an additional 2,950 shares during the quarter. Naviter Wealth LLC’s holdings in Unilever were worth $2,006,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Life Planning Partners Inc bought a new position in Unilever during the fourth quarter valued at about $27,000. Jones Financial Companies Lllp grew its position in Unilever by 111.5% during the third quarter. Jones Financial Companies Lllp now owns 552 shares of the company’s stock valued at $27,000 after buying an additional 291 shares during the period. VisionPoint Advisory Group LLC grew its position in Unilever by 215.1% during the third quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock valued at $29,000 after buying an additional 400 shares during the period. Barrett & Company Inc. grew its position in Unilever by 51.5% during the third quarter. Barrett & Company Inc. now owns 606 shares of the company’s stock valued at $30,000 after buying an additional 206 shares during the period. Finally, Evolution Advisers Inc. purchased a new stake in Unilever during the fourth quarter valued at about $34,000. Institutional investors own 9.67% of the company’s stock.

Unilever Stock Up 0.4 %

Shares of UL stock traded up $0.22 during trading on Monday, hitting $51.46. The company had a trading volume of 2,216,699 shares, compared to its average volume of 2,879,239. The stock’s 50-day moving average is $49.11 and its two-hundred day moving average is $48.56. Unilever PLC has a 52 week low of $46.16 and a 52 week high of $55.77.

Unilever Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be given a $0.4556 dividend. This represents a $1.82 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend is Thursday, May 16th.

Analyst Ratings Changes

Several equities research analysts have commented on UL shares. StockNews.com downgraded shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, April 23rd. Morgan Stanley downgraded shares of Unilever from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $52.00 to $48.00 in a report on Tuesday, February 27th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $48.00.

Unilever Company 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.