Unilever PLC (NYSE:UL) Shares Purchased by Eldred Rock Partners LLC

Eldred Rock Partners LLC grew its position in shares of Unilever PLC (NYSE:UL) by 0.2% during the 4th quarter, Holdings Channel reports. The firm owned 109,171 shares of the company’s stock after purchasing an additional 216 shares during the period. Unilever comprises 2.1% of Eldred Rock Partners LLC’s investment portfolio, making the stock its 25th largest position. Eldred Rock Partners LLC’s holdings in Unilever were worth $6,190,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of UL. Creative Financial Designs Inc. ADV grew its position in Unilever by 7.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 2,781 shares of the company’s stock worth $181,000 after buying an additional 181 shares during the last quarter. Timber Creek Capital Management LLC boosted its position in shares of Unilever by 0.5% in the 3rd quarter. Timber Creek Capital Management LLC now owns 39,530 shares of the company’s stock valued at $2,568,000 after purchasing an additional 182 shares during the period. Alhambra Investment Management LLC raised its holdings in Unilever by 4.2% during the 4th quarter. Alhambra Investment Management LLC now owns 4,586 shares of the company’s stock worth $260,000 after buying an additional 186 shares during the period. Good Life Advisors LLC boosted its holdings in shares of Unilever by 4.5% in the third quarter. Good Life Advisors LLC now owns 4,536 shares of the company’s stock worth $295,000 after buying an additional 196 shares during the period. Finally, Fiduciary Financial Group LLC increased its position in shares of Unilever by 4.3% in the third quarter. Fiduciary Financial Group LLC now owns 4,875 shares of the company’s stock worth $307,000 after acquiring an additional 201 shares in the last quarter. Institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

Shares of NYSE UL opened at $55.68 on Monday. The business has a 50 day simple moving average of $57.62 and a 200 day simple moving average of $60.32. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 8th were given a $0.4755 dividend. This represents a $1.90 annualized dividend and a yield of 3.42%. This is an increase from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date was Friday, November 8th.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Royal Bank of Canada downgraded shares of Unilever from a “sector perform” rating to an “underperform” rating in a research report on Monday, January 6th. Sanford C. Bernstein raised Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Erste Group Bank restated a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. Finally, StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $61.75.

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.