Unique Wealth Strategies LLC Purchases Shares of 14,266 Unilever PLC (NYSE:UL)

Unique Wealth Strategies LLC purchased a new stake in Unilever PLC (NYSE:UL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,266 shares of the company’s stock, valued at approximately $692,000.

Other hedge funds also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its stake in shares of Unilever by 35.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,748,095 shares of the company’s stock worth $234,556,000 after acquiring an additional 1,238,734 shares in the last quarter. FMR LLC boosted its stake in shares of Unilever by 6.4% during the 3rd quarter. FMR LLC now owns 8,548,447 shares of the company’s stock worth $422,293,000 after acquiring an additional 515,088 shares in the last quarter. Hsbc Holdings PLC boosted its stake in shares of Unilever by 4,657.3% during the 3rd quarter. Hsbc Holdings PLC now owns 431,296 shares of the company’s stock worth $21,302,000 after acquiring an additional 422,230 shares in the last quarter. Saratoga Research & Investment Management boosted its stake in shares of Unilever by 13.1% during the 3rd quarter. Saratoga Research & Investment Management now owns 2,512,592 shares of the company’s stock worth $124,122,000 after acquiring an additional 290,690 shares in the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its stake in shares of Unilever by 25.5% during the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,215,003 shares of the company’s stock worth $58,903,000 after acquiring an additional 247,004 shares in the last quarter. 9.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on UL. StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley downgraded shares of Unilever from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $52.00 to $48.00 in a research report on Tuesday, February 27th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Unilever presently has an average rating of “Hold” and a consensus price target of $48.00.

Unilever Stock Up 0.6 %

Shares of UL traded up $0.32 during mid-day trading on Friday, hitting $51.24. 4,278,463 shares of the company were exchanged, compared to its average volume of 3,049,528. Unilever PLC has a 1-year low of $46.16 and a 1-year high of $55.99. The company has a 50 day moving average of $49.11 and a 200-day moving average of $48.56.

Unilever Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a $0.4556 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.82 dividend on an annualized basis and a yield of 3.56%.

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.