Traveka Wealth LLC Raises Position in Unilever PLC (NYSE:UL)

Traveka Wealth LLC grew its position in shares of Unilever PLC (NYSE:UL) by 13.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,893 shares of the company’s stock after acquiring an additional 589 shares during the period. Traveka Wealth LLC’s holdings in Unilever were worth $277,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Abich Financial Wealth Management LLC boosted its stake in Unilever by 393.5% during the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock worth $29,000 after acquiring an additional 425 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new position in Unilever in the 3rd quarter worth about $35,000. Jamison Private Wealth Management Inc. raised its holdings in shares of Unilever by 202.5% during the third quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock valued at $39,000 after purchasing an additional 405 shares during the last quarter. Brooklyn Investment Group bought a new position in Unilever in the third quarter valued at about $40,000. Finally, Coastline Trust Co purchased a new stake in shares of Unilever during the 3rd quarter valued at about $48,000. Institutional investors own 9.67% of the company’s stock.

Unilever Stock Down 0.1 %

Shares of Unilever stock opened at $55.06 on Tuesday. The business has a 50-day moving average price of $58.00 and a 200-day moving average price of $60.35. Unilever PLC has a twelve month low of $46.46 and a twelve month high of $65.87. The firm has a market cap of $136.44 billion, a price-to-earnings ratio of 16.58, a PEG ratio of 1.80 and a beta of 0.49.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 8th were given a $0.4755 dividend. This represents a $1.90 annualized dividend and a yield of 3.45%. The ex-dividend date was Friday, November 8th. This is a boost from Unilever’s previous quarterly dividend of $0.35. Unilever’s payout ratio is currently 56.63%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on UL shares. StockNews.com downgraded shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Erste Group Bank restated a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Finally, Royal Bank of Canada lowered Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Unilever currently has an average rating of “Hold” and an average target price of $61.75.

Unilever Company 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.