Unilever PLC (NYSE:UL) Shares Purchased by Everett Harris & Co. CA

Everett Harris & Co. CA lifted its position in Unilever PLC (NYSE:UL) by 0.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,694,581 shares of the company’s stock after acquiring an additional 1,653 shares during the quarter. Unilever accounts for approximately 1.2% of Everett Harris & Co. CA’s holdings, making the stock its 22nd largest position. Everett Harris & Co. CA’s holdings in Unilever were worth $82,153,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in UL. BlackRock Inc. boosted its stake in Unilever by 1.7% in the first quarter. BlackRock Inc. now owns 19,363,465 shares of the company’s stock valued at $1,005,545,000 after acquiring an additional 331,498 shares during the period. FMR LLC raised its holdings in shares of Unilever by 6.4% during the third quarter. FMR LLC now owns 8,548,447 shares of the company’s stock valued at $422,293,000 after buying an additional 515,088 shares during the last quarter. Lazard Asset Management LLC grew its holdings in Unilever by 48.9% in the 2nd quarter. Lazard Asset Management LLC now owns 5,855,011 shares of the company’s stock worth $305,221,000 after buying an additional 1,922,771 shares in the last quarter. Capital International Investors increased its position in Unilever by 0.6% in the 1st quarter. Capital International Investors now owns 5,042,546 shares of the company’s stock valued at $229,988,000 after acquiring an additional 28,870 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in Unilever by 35.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,748,095 shares of the company’s stock valued at $234,556,000 after acquiring an additional 1,238,734 shares in the last quarter. 9.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on UL. Morgan Stanley cut Unilever from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $52.00 to $48.00 in a research note on Tuesday, February 27th. Jefferies Financial Group lowered shares of Unilever from a “buy” rating to an “underperform” rating in a research report on Monday, December 11th. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research report on Wednesday, March 20th. Finally, Sanford C. Bernstein raised shares of Unilever from an “underperform” rating to a “market perform” rating in a research note on Monday, December 11th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $48.00.

Unilever Stock Up 1.0 %

Shares of UL traded up $0.50 during midday trading on Wednesday, reaching $50.13. The stock had a trading volume of 2,289,981 shares, compared to its average volume of 2,791,239. The firm’s 50 day moving average price is $49.32 and its 200-day moving average price is $48.74. Unilever PLC has a 52 week low of $46.16 and a 52 week high of $55.99.

Unilever Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, February 23rd were issued a $0.4582 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.83 dividend on an annualized basis and a dividend yield of 3.66%.

Unilever Profile

Unilever PLC operates as a fast-moving consumer goods company. It operates through Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream segments. 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, which includes the vitamins, minerals, and supplements.