Garrett Wealth Advisory Group LLC Increases Holdings in Unilever PLC (NYSE:UL)

Garrett Wealth Advisory Group LLC boosted its position in shares of Unilever PLC (NYSE:UL) by 6.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,605 shares of the company’s stock after buying an additional 740 shares during the quarter. Garrett Wealth Advisory Group LLC’s holdings in Unilever were worth $658,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Golden State Wealth Management LLC purchased a new stake in Unilever during the 4th quarter worth approximately $26,000. Financial Life Planners purchased a new stake in shares of Unilever during the fourth quarter worth approximately $28,000. Roxbury Financial LLC acquired a new position in Unilever during the 4th quarter worth approximately $30,000. Brooklyn Investment Group purchased a new position in Unilever in the third quarter valued at about $40,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in Unilever during the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Stock Performance

Shares of UL stock opened at $56.61 on Monday. Unilever PLC has a 52-week low of $46.46 and a 52-week high of $65.87. The stock has a market cap of $140.48 billion, a price-to-earnings ratio of 16.22, a P/E/G ratio of 1.60 and a beta of 0.50. The firm has a fifty day moving average of $56.59 and a 200-day moving average of $59.92.

Unilever Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders 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 annualized dividend and a dividend yield of 3.30%. Unilever’s dividend payout ratio (DPR) is currently 53.01%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on UL. Erste Group Bank reissued a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Royal Bank of Canada lowered shares of Unilever from a “sector perform” rating to an “underperform” rating in a report on Monday, January 6th. DZ Bank upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. StockNews.com downgraded shares of Unilever from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, Sanford C. Bernstein upgraded shares of Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.