Bruce G. Allen Investments LLC Acquires 641 Shares of Unilever PLC (NYSE:UL)

Bruce G. Allen Investments LLC lifted its holdings in Unilever PLC (NYSE:ULFree Report) by 25.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,157 shares of the company’s stock after buying an additional 641 shares during the period. Bruce G. Allen Investments LLC’s holdings in Unilever were worth $158,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in UL. Life Planning Partners Inc bought a new position in Unilever during the 4th quarter valued at about $27,000. Jones Financial Companies Lllp grew its holdings in Unilever by 111.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 552 shares of the company’s stock valued at $27,000 after purchasing an additional 291 shares during the last quarter. Rise Advisors LLC bought a new position in Unilever during the 1st quarter valued at about $28,000. VisionPoint Advisory Group LLC grew its holdings in Unilever by 215.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock valued at $29,000 after purchasing an additional 400 shares during the last quarter. Finally, Voisard Asset Management Group Inc. bought a new position in Unilever during the 4th quarter valued at about $31,000. 9.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on UL shares. Redburn Atlantic upgraded shares of Unilever from a “neutral” rating to a “buy” rating in a research note on Friday, June 7th. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Argus upped their target price on shares of Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Morgan Stanley downgraded shares of Unilever from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $52.00 to $48.00 in a research note on Tuesday, February 27th. Finally, JPMorgan Chase & Co. upgraded shares of Unilever from an “underweight” rating to an “overweight” rating in a research note on Thursday, May 23rd. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $54.00.

View Our Latest Stock Analysis on UL

Unilever Price Performance

Shares of UL traded down $0.02 during mid-day trading on Thursday, hitting $56.15. The company’s stock had a trading volume of 2,472,181 shares, compared to its average volume of 2,819,385. The company’s 50-day moving average is $52.96 and its 200-day moving average is $50.32. Unilever PLC has a 52-week low of $46.16 and a 52-week high of $56.47.

Unilever Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were given a $0.4556 dividend. The ex-dividend date was Thursday, May 16th. This represents a $1.82 annualized dividend and a dividend yield of 3.25%.

About Unilever

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Unilever (NYSE:UL)

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