Atomi Financial Group Inc. Increases Position in Unilever PLC (NYSE:UL)

Atomi Financial Group Inc. grew its holdings in shares of Unilever PLC (NYSE:UL) by 10.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 28,860 shares of the company’s stock after purchasing an additional 2,774 shares during the period. Atomi Financial Group Inc.’s holdings in Unilever were worth $1,636,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in UL. Creative Financial Designs Inc. ADV raised its stake in Unilever by 7.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 2,781 shares of the company’s stock valued at $181,000 after buying an additional 181 shares during the last quarter. Timber Creek Capital Management LLC increased its holdings in shares of Unilever by 0.5% during the third quarter. Timber Creek Capital Management LLC now owns 39,530 shares of the company’s stock valued at $2,568,000 after acquiring an additional 182 shares in the last quarter. Alhambra Investment Management LLC raised its position in shares of Unilever by 4.2% in the 4th quarter. Alhambra Investment Management LLC now owns 4,586 shares of the company’s stock worth $260,000 after purchasing an additional 186 shares during the last quarter. Good Life Advisors LLC boosted its stake in Unilever by 4.5% in the 3rd quarter. Good Life Advisors LLC now owns 4,536 shares of the company’s stock worth $295,000 after purchasing an additional 196 shares in the last quarter. Finally, Fiduciary Financial Group LLC grew its position in Unilever by 4.3% during the 3rd quarter. Fiduciary Financial Group LLC now owns 4,875 shares of the company’s stock valued at $307,000 after purchasing an additional 201 shares during the last quarter. 9.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Royal Bank of Canada cut shares of Unilever from a “sector perform” rating to an “underperform” rating in a report on Monday, January 6th. Sanford C. Bernstein upgraded shares of Unilever from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. StockNews.com cut Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Erste Group Bank reissued a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $61.75.

Unilever Stock Performance

Shares of UL stock opened at $56.95 on Wednesday. Unilever PLC has a 12-month low of $46.46 and a 12-month high of $65.87. The firm’s 50 day moving average is $57.57 and its 200 day moving average is $60.36.

Unilever Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 8th were paid a $0.4755 dividend. This is an increase from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date was Friday, November 8th.

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.