Brooklyn Investment Group Makes New $40,000 Investment in Unilever PLC (NYSE:UL)

Brooklyn Investment Group bought a new position in shares of Unilever PLC (NYSE:UL) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 620 shares of the company’s stock, valued at approximately $40,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its position in shares of Unilever by 7.1% in the third quarter. Fisher Asset Management LLC now owns 16,726,400 shares of the company’s stock valued at $1,086,547,000 after buying an additional 1,114,177 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Unilever by 26.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,384,944 shares of the company’s stock worth $241,145,000 after purchasing an additional 911,443 shares during the period. Saratoga Research & Investment Management boosted its holdings in shares of Unilever by 0.8% during the second quarter. Saratoga Research & Investment Management now owns 2,767,207 shares of the company’s stock worth $152,169,000 after purchasing an additional 22,325 shares during the last quarter. Hamlin Capital Management LLC grew its position in shares of Unilever by 7.9% in the third quarter. Hamlin Capital Management LLC now owns 2,667,380 shares of the company’s stock valued at $173,273,000 after purchasing an additional 194,165 shares during the period. Finally, Fiera Capital Corp increased its stake in Unilever by 1,866.0% in the second quarter. Fiera Capital Corp now owns 2,135,859 shares of the company’s stock valued at $117,451,000 after purchasing an additional 2,027,221 shares during the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Analyst Ratings Changes

UL has been the subject of several recent analyst reports. StockNews.com cut Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Bank of America raised shares of Unilever from an “underperform” rating to a “buy” rating and increased their price target for the stock from $47.00 to $72.00 in a research note on Thursday, August 22nd. Finally, Erste Group Bank reissued a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Three analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $61.75.

Unilever Trading Up 0.2 %

Shares of NYSE UL opened at $59.84 on Friday. The stock has a fifty day moving average price of $61.34 and a 200 day moving average price of $59.77. Unilever PLC has a 12-month low of $46.46 and a 12-month high of $65.87. The company has a market cap of $148.43 billion, a P/E ratio of 17.97, a P/E/G ratio of 1.81 and a beta of 0.49.

Unilever Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be paid a $0.4755 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.18%. This is a positive change from Unilever’s previous quarterly dividend of $0.35. Unilever’s dividend payout ratio (DPR) is 56.46%.

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.