Unilever PLC (NYSE:UL) Shares Purchased by Mariner LLC

Mariner LLC increased its position in shares of Unilever PLC (NYSE:UL) by 5.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 387,835 shares of the company’s stock after purchasing an additional 21,321 shares during the period. Mariner LLC’s holdings in Unilever were worth $21,990,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in Unilever in the fourth quarter valued at approximately $26,000. Financial Life Planners acquired a new position in shares of Unilever in the 4th quarter valued at $28,000. VSM Wealth Advisory LLC purchased a new position in shares of Unilever during the 4th quarter worth $28,000. Roxbury Financial LLC acquired a new stake in shares of Unilever during the 4th quarter worth about $30,000. Finally, Mainstream Capital Management LLC purchased a new stake in Unilever in the 4th quarter valued at about $31,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Unilever Stock Performance

Shares of UL opened at $62.53 on Thursday. Unilever PLC has a 1 year low of $46.46 and a 1 year high of $65.87. The stock has a market capitalization of $154.90 billion, a PE ratio of 17.92, a PEG ratio of 1.60 and a beta of 0.42. The stock has a 50-day simple moving average of $58.47 and a 200-day simple moving average of $58.84.

Unilever Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 28th were paid 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 2.99%. Unilever’s dividend payout ratio 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.