Mission Wealth Management LP Has $643,000 Position in Unilever PLC (NYSE:UL)

Mission Wealth Management LP boosted its position in Unilever PLC (NYSE:UL) by 7.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 11,338 shares of the company’s stock after purchasing an additional 798 shares during the quarter. Mission Wealth Management LP’s holdings in Unilever were worth $643,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in shares of Unilever in the fourth quarter valued at about $26,000. Financial Life Planners acquired a new stake in shares of Unilever in the fourth quarter valued at about $28,000. Roxbury Financial LLC acquired a new stake in shares of Unilever in the fourth quarter valued at about $30,000. Brooklyn Investment Group acquired a new stake in shares of Unilever in the third quarter valued at about $40,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Unilever in the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Stock Up 0.5 %

UL stock opened at $57.99 on Wednesday. Unilever PLC has a twelve month low of $46.46 and a twelve month high of $65.87. The stock’s 50 day moving average is $56.62 and its 200-day moving average is $59.87. The firm has a market capitalization of $143.90 billion, a PE ratio of 16.62, a P/E/G ratio of 1.60 and a beta of 0.47.

Unilever Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a $0.4674 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.87 dividend on an annualized basis and a dividend yield of 3.22%. Unilever’s dividend payout ratio is presently 53.01%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on UL. Erste Group Bank reissued a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Royal Bank of Canada cut Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. StockNews.com cut Unilever from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. DZ Bank raised Unilever from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Finally, Sanford C. Bernstein upgraded Unilever from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $66.33.

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.