Haven Private LLC Invests $450,000 in Unilever PLC (NYSE:UL)

Haven Private LLC acquired a new position in Unilever PLC (NYSE:UL) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 7,941 shares of the company’s stock, valued at approximately $450,000.

A number of other hedge funds also recently bought and sold shares of UL. Marks Group Wealth Management Inc lifted its stake in shares of Unilever by 18.1% in the 3rd quarter. Marks Group Wealth Management Inc now owns 17,120 shares of the company’s stock worth $1,112,000 after purchasing an additional 2,627 shares during the period. Catalina Capital Group LLC purchased a new stake in shares of Unilever in the 3rd quarter worth $200,000. Radnor Capital Management LLC bought a new position in Unilever in the 3rd quarter worth $1,388,000. Maia Wealth LLC bought a new position in Unilever in the 3rd quarter worth $224,000. Finally, Blake Schutter Theil Wealth Advisors LLC purchased a new position in Unilever during the third quarter valued at $406,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Stock Down 0.3 %

UL opened at $58.19 on Friday. The company has a market capitalization of $144.40 billion, a PE ratio of 16.67, a price-to-earnings-growth ratio of 1.60 and a beta of 0.47. The firm has a 50-day simple moving average of $56.66 and a two-hundred day simple moving average of $59.85. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87.

Unilever Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid 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 3.21%. Unilever’s payout ratio is currently 53.01%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on UL. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a research note on Friday. 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. Erste Group Bank restated a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Sanford C. Bernstein upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. Finally, DZ Bank raised Unilever from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $66.33.

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.