Unilever PLC (NYSE:UL) Shares Purchased by Intrust Bank NA

Intrust Bank NA raised its stake in Unilever PLC (NYSE:UL) by 13.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,258 shares of the company’s stock after purchasing an additional 2,937 shares during the quarter. Intrust Bank NA’s holdings in Unilever were worth $1,432,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Heartland Advisors Inc. raised its holdings in Unilever by 16.6% during the fourth quarter. Heartland Advisors Inc. now owns 65,314 shares of the company’s stock worth $3,703,000 after purchasing an additional 9,278 shares in the last quarter. Level Four Advisory Services LLC grew its holdings in Unilever by 11.6% during the fourth quarter. Level Four Advisory Services LLC now owns 11,319 shares of the company’s stock worth $642,000 after acquiring an additional 1,174 shares during the period. Norges Bank acquired a new position in shares of Unilever during the 4th quarter worth $153,606,000. JPMorgan Chase & Co. lifted its stake in shares of Unilever by 401.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,465,523 shares of the company’s stock valued at $83,095,000 after purchasing an additional 1,173,298 shares during the period. Finally, Tyler Stone Wealth Management boosted its holdings in Unilever by 2.8% during the fourth quarter. Tyler Stone Wealth Management now owns 6,576 shares of the company’s stock worth $373,000 after buying an additional 180 shares in the last quarter. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on UL. DZ Bank raised shares of Unilever from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Sanford C. Bernstein raised Unilever from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. Royal Bank of Canada lowered Unilever from a “sector perform” rating to an “underperform” rating in a report on Monday, January 6th. Finally, StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Unilever presently has a consensus rating of “Moderate Buy” and an average price target of $66.33.

Unilever Stock Up 0.9 %

NYSE UL opened at $59.18 on Friday. The stock has a market cap of $146.60 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 1.60 and a beta of 0.47. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87. The business has a fifty day moving average of $57.61 and a 200-day moving average of $59.29.

Unilever Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were issued a $0.4674 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.87 dividend on an annualized basis and a yield of 3.16%. Unilever’s dividend payout ratio (DPR) is 53.01%.

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.