Connecticut Wealth Management LLC Invests $229,000 in Unilever PLC (NYSE:UL)

Connecticut Wealth Management LLC bought a new position in shares of Unilever PLC (NYSE:UL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,723 shares of the company’s stock, valued at approximately $229,000.

A number of other hedge funds have also recently modified their holdings of UL. Cambridge Investment Research Advisors Inc. boosted its stake in Unilever by 3.3% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 118,430 shares of the company’s stock worth $5,850,000 after buying an additional 3,765 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in Unilever by 1.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 331,022 shares of the company’s stock valued at $16,352,000 after purchasing an additional 5,868 shares during the period. Stratos Wealth Partners LTD. lifted its stake in Unilever by 132.6% during the third quarter. Stratos Wealth Partners LTD. now owns 21,081 shares of the company’s stock worth $1,041,000 after purchasing an additional 12,019 shares in the last quarter. Stratos Wealth Advisors LLC boosted its position in shares of Unilever by 6.8% during the third quarter. Stratos Wealth Advisors LLC now owns 6,541 shares of the company’s stock worth $323,000 after buying an additional 418 shares during the period. Finally, Lindbrook Capital LLC raised its holdings in shares of Unilever by 4.4% in the 3rd quarter. Lindbrook Capital LLC now owns 5,825 shares of the company’s stock valued at $288,000 after buying an additional 248 shares during the period. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

UL traded down $0.10 on Monday, reaching $52.03. The company had a trading volume of 1,558,073 shares, compared to its average volume of 2,896,366. Unilever PLC has a 1 year low of $46.16 and a 1 year high of $55.63. The stock has a 50-day moving average price of $49.21 and a 200-day moving average price of $48.69.

Unilever Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be paid a $0.4556 dividend. The ex-dividend date is Thursday, May 16th. This represents a $1.82 annualized dividend and a yield of 3.50%.

Analyst Ratings Changes

A number of brokerages have recently commented on UL. Morgan Stanley downgraded Unilever from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $52.00 to $48.00 in a research report on Tuesday, February 27th. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $48.00.

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.