Nicholas Hoffman & Company LLC. Buys 1,608 Shares of Unilever PLC (NYSE:UL)

Nicholas Hoffman & Company LLC. boosted its stake in Unilever PLC (NYSE:UL) by 4.7% in the fourth quarter, HoldingsChannel reports. The firm owned 35,898 shares of the company’s stock after acquiring an additional 1,608 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in Unilever were worth $2,035,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Stonegate Investment Group LLC grew its position in shares of Unilever by 155.2% during the 4th quarter. Stonegate Investment Group LLC now owns 8,415 shares of the company’s stock valued at $477,000 after acquiring an additional 5,117 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Unilever by 16.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 110,528 shares of the company’s stock valued at $7,180,000 after acquiring an additional 15,941 shares during the period. Verition Fund Management LLC bought a new stake in shares of Unilever during the 3rd quarter valued at $11,694,000. WCM Investment Management LLC grew its position in shares of Unilever by 236.2% during the 3rd quarter. WCM Investment Management LLC now owns 30,520 shares of the company’s stock valued at $1,997,000 after acquiring an additional 21,441 shares during the period. Finally, Radnor Capital Management LLC bought a new stake in shares of Unilever during the 3rd quarter valued at $1,388,000. Institutional investors own 9.67% of the company’s stock.

Unilever Trading Down 1.9 %

Shares of UL stock opened at $54.89 on Monday. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87. The company’s fifty day simple moving average is $57.13 and its two-hundred day simple moving average is $60.30.

Unilever Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a $0.4674 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.87 dividend on an annualized basis and a dividend yield of 3.41%.

Wall Street Analyst Weigh In

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