Unilever PLC (NYSE:UL) Shares Acquired by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC grew its stake in shares of Unilever PLC (NYSE:UL) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,327 shares of the company’s stock after purchasing an additional 204 shares during the period. Franklin Street Advisors Inc. NC’s holdings in Unilever were worth $302,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Abich Financial Wealth Management LLC boosted its holdings in Unilever by 393.5% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock valued at $29,000 after purchasing an additional 425 shares during the period. E Fund Management Hong Kong Co. Ltd. bought a new position in Unilever during the 3rd quarter valued at about $35,000. Jamison Private Wealth Management Inc. boosted its position in Unilever by 202.5% in the third quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock valued at $39,000 after buying an additional 405 shares in the last quarter. Brooklyn Investment Group bought a new stake in Unilever during the third quarter worth about $40,000. Finally, Coastline Trust Co acquired a new stake in shares of Unilever during the third quarter worth approximately $48,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Stock Performance

NYSE:UL traded down $0.72 during trading hours on Friday, hitting $55.42. The stock had a trading volume of 1,077,659 shares, compared to its average volume of 1,943,376. The business’s 50 day moving average is $58.25 and its 200-day moving average is $60.30. The company has a market cap of $137.33 billion, a price-to-earnings ratio of 16.69, a P/E/G ratio of 1.80 and a beta of 0.49. Unilever PLC has a one year low of $46.46 and a one year high of $65.87.

Unilever Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 8th were paid a dividend of $0.4755 per share. This represents a $1.90 annualized dividend and a yield of 3.43%. The ex-dividend date was Friday, November 8th. This is an increase from Unilever’s previous quarterly dividend of $0.35. Unilever’s dividend payout ratio (DPR) is presently 56.63%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on UL. Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Royal Bank of Canada lowered shares of Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday. Finally, StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Unilever currently has an average rating of “Hold” and an average price target of $61.75.

About Unilever

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.