Legacy Capital Group California Inc. Raises Stake in Unilever PLC (NYSE:UL)

Legacy Capital Group California Inc. raised its holdings in shares of Unilever PLC (NYSE:UL) by 29.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,932 shares of the company’s stock after acquiring an additional 4,566 shares during the period. Legacy Capital Group California Inc.’s holdings in Unilever were worth $1,130,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Fisher Asset Management LLC lifted its stake in shares of Unilever by 7.1% in the 3rd quarter. Fisher Asset Management LLC now owns 16,726,400 shares of the company’s stock valued at $1,086,547,000 after acquiring an additional 1,114,177 shares during the last quarter. Jennison Associates LLC increased its stake in Unilever by 66.4% in the 4th quarter. Jennison Associates LLC now owns 3,454,686 shares of the company’s stock worth $195,881,000 after purchasing an additional 1,378,517 shares during the period. Hamlin Capital Management LLC lifted its position in Unilever by 7.8% in the fourth quarter. Hamlin Capital Management LLC now owns 2,874,929 shares of the company’s stock valued at $163,008,000 after purchasing an additional 207,549 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Unilever by 3.7% during the third quarter. Bank of Montreal Can now owns 1,812,164 shares of the company’s stock valued at $118,588,000 after purchasing an additional 63,835 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Unilever by 18.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,240,653 shares of the company’s stock valued at $70,132,000 after purchasing an additional 190,753 shares during the period. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Stock Down 0.2 %

Shares of UL opened at $55.52 on Friday. Unilever PLC has a 1-year low of $46.46 and a 1-year high of $65.87. The firm’s 50-day moving average price is $56.85 and its 200-day moving average price is $60.13.

Unilever Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a $0.4674 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.87 annualized dividend and a yield of 3.37%.

Analyst Ratings Changes

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

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.