Oxbow Advisors LLC Raises Holdings in Unilever PLC (NYSE:UL)

Oxbow Advisors LLC boosted its position in Unilever PLC (NYSE:UL) by 4.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 131,776 shares of the company’s stock after acquiring an additional 5,419 shares during the period. Unilever comprises approximately 0.9% of Oxbow Advisors LLC’s holdings, making the stock its 29th biggest holding. Oxbow Advisors LLC’s holdings in Unilever were worth $7,472,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new stake in Unilever in the 4th quarter worth approximately $26,000. Financial Life Planners purchased a new stake in Unilever in the 4th quarter worth approximately $28,000. Roxbury Financial LLC purchased a new stake in Unilever in the 4th quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Unilever in the 3rd quarter worth approximately $35,000. Finally, Brooklyn Investment Group purchased a new stake in Unilever in the 3rd quarter worth approximately $40,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Stock Performance

NYSE:UL opened at $56.14 on Friday. The firm’s fifty day simple moving average is $56.79 and its 200 day simple moving average is $60.09. Unilever PLC has a twelve month low of $46.46 and a twelve month high of $65.87.

Unilever Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a dividend of $0.4674 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.87 annualized dividend and a dividend yield of 3.33%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a research note on Tuesday. DZ Bank raised shares of Unilever from a “hold” rating to a “buy” rating in a research note on Friday. Erste Group Bank reissued a “hold” rating on shares of Unilever in a research note 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. Finally, Sanford C. Bernstein raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Unilever presently has a consensus rating of “Moderate Buy” and an average target price of $61.75.

Unilever 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.