Parallel Advisors LLC Has $1.32 Million Stock Holdings in Unilever PLC (NYSE:UL)

Parallel Advisors LLC lifted its stake in shares of Unilever PLC (NYSE:UL) by 2.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 23,261 shares of the company’s stock after buying an additional 599 shares during the quarter. Parallel Advisors LLC’s holdings in Unilever were worth $1,319,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new stake in shares of Unilever during the 4th quarter worth about $26,000. Financial Life Planners bought a new position in Unilever during the fourth quarter worth about $28,000. Roxbury Financial LLC bought a new position in Unilever during the fourth quarter worth about $30,000. Mainstream Capital Management LLC bought a new position in Unilever during the fourth quarter worth about $31,000. Finally, Newbridge Financial Services Group Inc. bought a new position in Unilever during the fourth quarter worth about $36,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Stock Down 1.7 %

UL stock opened at $58.70 on Wednesday. Unilever PLC has a 12 month low of $46.46 and a 12 month high of $65.87. The firm has a market cap of $145.65 billion, a P/E ratio of 16.82, a P/E/G ratio of 1.60 and a beta of 0.47. The company’s 50-day moving average price is $57.09 and its two-hundred day moving average price is $59.58.

Unilever Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid 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 3.19%. Unilever’s payout ratio is currently 53.01%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on UL shares. DZ Bank raised shares of Unilever from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Sanford C. Bernstein raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. Finally, Royal Bank of Canada lowered shares of Unilever from a “sector perform” rating to an “underperform” rating in a report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $66.33.

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.