Global View Capital Management LLC Takes Position in Unilever PLC (NYSE:UL)

Global View Capital Management LLC acquired a new stake in Unilever PLC (NYSE:UL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 13,246 shares of the company’s stock, valued at approximately $749,000.

Several other institutional investors and hedge funds have also made changes to their positions in UL. Pinion Investment Advisors LLC lifted its stake in Unilever by 2.0% during the fourth quarter. Pinion Investment Advisors LLC now owns 9,250 shares of the company’s stock valued at $524,000 after purchasing an additional 177 shares during the last quarter. Timber Creek Capital Management LLC lifted its stake in Unilever by 0.5% during the third 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 last quarter. Farmers & Merchants Investments Inc. lifted its stake in Unilever by 3.4% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 5,646 shares of the company’s stock valued at $320,000 after purchasing an additional 185 shares during the last quarter. Alhambra Investment Management LLC lifted its stake in Unilever by 4.2% during the fourth quarter. Alhambra Investment Management LLC now owns 4,586 shares of the company’s stock valued at $260,000 after purchasing an additional 186 shares during the last quarter. Finally, Phillips Wealth Planners LLC lifted its stake in Unilever by 2.2% during the fourth quarter. Phillips Wealth Planners LLC now owns 8,970 shares of the company’s stock valued at $495,000 after purchasing an additional 193 shares during the last quarter. 9.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Sanford C. Bernstein raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research report on Friday. 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. DZ Bank upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Finally, Erste Group Bank restated a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Unilever currently has a consensus rating of “Moderate Buy” and an average target price of $66.33.

Unilever Stock Up 1.8 %

UL stock opened at $60.29 on Tuesday. The company has a 50 day moving average of $56.76 and a two-hundred day moving average of $59.80. The company has a market cap of $149.62 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 1.60 and a beta of 0.47. Unilever PLC has a 12-month low of $46.46 and a 12-month high of $65.87.

Unilever Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.4674 per share. This represents a $1.87 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Friday, February 28th. Unilever’s dividend payout ratio (DPR) is currently 53.01%.

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.