Unilever PLC (NYSE:UL) Stake Increased by Procyon Advisors LLC

Procyon Advisors LLC lifted its holdings in Unilever PLC (NYSE:UL) by 357.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,333 shares of the company’s stock after buying an additional 27,609 shares during the period. Procyon Advisors LLC’s holdings in Unilever were worth $2,003,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of UL. Abich Financial Wealth Management LLC boosted its position in Unilever by 393.5% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock worth $29,000 after acquiring an additional 425 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Unilever in the third quarter worth approximately $35,000. Jamison Private Wealth Management Inc. boosted its holdings in shares of Unilever by 202.5% during the third quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock worth $39,000 after purchasing an additional 405 shares during the period. Brooklyn Investment Group purchased a new position in Unilever during the third quarter valued at approximately $40,000. Finally, Coastline Trust Co acquired a new position in Unilever in the 3rd quarter valued at approximately $48,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on UL. Sanford C. Bernstein raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. Erste Group Bank reissued a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. StockNews.com lowered Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Royal Bank of Canada lowered Unilever from a “sector perform” rating to an “underperform” rating in a report on Monday, January 6th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $61.75.

Unilever Stock Performance

NYSE UL opened at $55.68 on Friday. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87. The stock’s 50-day moving average is $57.69 and its two-hundred day moving average is $60.27.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 8th were issued a dividend of $0.4755 per share. This is a positive change from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date was Friday, November 8th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.42%.

About Unilever

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.