Unilever PLC (NYSE:UL) Shares Bought by Baker Tilly Wealth Management LLC

Baker Tilly Wealth Management LLC raised its holdings in shares of Unilever PLC (NYSE:UL) by 218.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,456 shares of the company’s stock after buying an additional 7,864 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in Unilever were worth $650,000 as of its most recent SEC filing.

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

Unilever Stock Performance

Shares of UL traded down $0.78 during midday trading on Friday, hitting $55.36. 655,500 shares of the stock were exchanged, compared to its average volume of 1,861,416. The firm has a market cap of $137.18 billion, a P/E ratio of 16.67, a P/E/G ratio of 1.80 and a beta of 0.49. Unilever PLC has a 52-week low of $46.46 and a 52-week high of $65.87. The stock has a fifty day simple moving average of $58.25 and a 200 day simple moving average of $60.30.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 8th were given a $0.4755 dividend. This is an increase from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend was Friday, November 8th. Unilever’s payout ratio is currently 56.63%.

Wall Street Analysts Forecast Growth

UL has been the subject of several analyst reports. Erste Group Bank reissued a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Royal Bank of Canada lowered Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday. Finally, StockNews.com cut Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target 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.