Financial Management Professionals Inc. Boosts Stake in Unilever PLC (NYSE:UL)

Financial Management Professionals Inc. boosted its holdings in Unilever PLC (NYSE:UL) by 75.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 610 shares of the company’s stock after purchasing an additional 263 shares during the quarter. Financial Management Professionals Inc.’s holdings in Unilever were worth $31,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in UL. Norges Bank acquired a new position in Unilever in the fourth quarter valued at $151,263,000. Wellington Management Group LLP increased its stake in Unilever by 3.3% in the fourth quarter. Wellington Management Group LLP now owns 34,494,131 shares of the company’s stock valued at $1,672,275,000 after purchasing an additional 1,114,417 shares during the last quarter. Fisher Asset Management LLC increased its stake in Unilever by 9.8% during the fourth quarter. Fisher Asset Management LLC now owns 10,843,977 shares of the company’s stock worth $525,716,000 after acquiring an additional 965,173 shares during the last quarter. Corient Private Wealth LLC increased its stake in Unilever by 121.3% during the fourth quarter. Corient Private Wealth LLC now owns 1,352,472 shares of the company’s stock worth $65,568,000 after acquiring an additional 741,363 shares during the last quarter. Finally, Morningstar Investment Services LLC increased its stake in Unilever by 97.9% during the fourth quarter. Morningstar Investment Services LLC now owns 1,212,262 shares of the company’s stock worth $58,770,000 after acquiring an additional 599,759 shares during the last quarter. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Price Performance

Shares of UL opened at $54.99 on Friday. Unilever PLC has a one year low of $46.16 and a one year high of $56.47. The stock has a 50-day moving average price of $54.04 and a 200 day moving average price of $50.65.

Unilever Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were issued a dividend of $0.4556 per share. This represents a $1.82 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date was Thursday, May 16th.

Analyst Ratings Changes

UL has been the subject of several research analyst reports. Argus upped their price target on Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. JPMorgan Chase & Co. upgraded Unilever from an “underweight” rating to an “overweight” rating in a research note on Thursday, May 23rd. Redburn Atlantic raised Unilever from a “neutral” rating to a “buy” rating in a research report on Friday, June 7th. Finally, StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a research report on Thursday. Three research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $54.00.

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.