Unilever PLC (NYSE:UL) Stock Position Increased by Fisher Asset Management LLC

Fisher Asset Management LLC lifted its stake in shares of Unilever PLC (NYSE:UL) by 7.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,940,963 shares of the company’s stock after purchasing an additional 1,214,563 shares during the period. Fisher Asset Management LLC owned approximately 0.72% of Unilever worth $1,017,253,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Golden State Wealth Management LLC purchased a new position in Unilever in the fourth quarter valued at about $26,000. Financial Life Planners bought a new stake in shares of Unilever during the 4th quarter worth about $28,000. Roxbury Financial LLC bought a new stake in Unilever during the 4th quarter valued at approximately $30,000. Brooklyn Investment Group bought a new stake in Unilever during the 3rd quarter valued at approximately $40,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in Unilever during the 4th quarter valued at approximately $36,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Trading Up 0.3 %

Shares of NYSE:UL opened at $56.61 on Friday. The company has a fifty day moving average of $56.59 and a 200-day moving average of $59.93. Unilever PLC has a 52-week low of $46.46 and a 52-week high of $65.87.

Unilever Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a dividend of $0.4674 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.87 dividend on an annualized basis and a yield of 3.30%.

Analyst Ratings Changes

Several equities analysts have commented on UL shares. Royal Bank of Canada cut Unilever from a “sector perform” rating to an “underperform” rating in a report on Monday, January 6th. Erste Group Bank reiterated a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. StockNews.com lowered Unilever from a “buy” rating to a “hold” rating in a research report on Wednesday. Sanford C. Bernstein upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Finally, DZ Bank raised Unilever from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Two analysts have rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.