Gilman Hill Asset Management LLC Buys 7,380 Shares of Unilever PLC (NYSE:UL)

Gilman Hill Asset Management LLC increased its stake in shares of Unilever PLC (NYSE:UL) by 11.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,972 shares of the company’s stock after acquiring an additional 7,380 shares during the period. Gilman Hill Asset Management LLC’s holdings in Unilever were worth $4,081,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. King Luther Capital Management Corp raised its holdings in shares of Unilever by 3.1% in the second quarter. King Luther Capital Management Corp now owns 7,461 shares of the company’s stock valued at $410,000 after purchasing an additional 222 shares during the last quarter. Sei Investments Co. lifted its position in Unilever by 5.9% during the 2nd quarter. Sei Investments Co. now owns 251,012 shares of the company’s stock worth $13,796,000 after buying an additional 13,927 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in Unilever by 4.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 13,538 shares of the company’s stock worth $744,000 after buying an additional 536 shares in the last quarter. Summit Trail Advisors LLC boosted its stake in shares of Unilever by 161.4% during the 2nd quarter. Summit Trail Advisors LLC now owns 14,937 shares of the company’s stock worth $821,000 after buying an additional 9,222 shares during the last quarter. Finally, Hancock Whitney Corp grew its holdings in shares of Unilever by 13.6% in the 2nd quarter. Hancock Whitney Corp now owns 5,055 shares of the company’s stock valued at $278,000 after acquiring an additional 606 shares in the last quarter. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Stock Performance

UL opened at $55.68 on Monday. The stock’s fifty day simple moving average is $57.62 and its 200 day simple moving average is $60.32. Unilever PLC has a 1-year low of $46.46 and a 1-year high of $65.87.

Unilever Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 8th were paid a dividend of $0.4755 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend was Friday, November 8th. This is a boost from Unilever’s previous quarterly dividend of $0.35.

Analyst Ratings Changes

Several research firms recently issued reports on UL. Royal Bank of Canada lowered Unilever from a “sector perform” rating to an “underperform” rating in a report on Monday, January 6th. StockNews.com cut Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Erste Group Bank reissued a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Finally, Sanford C. Bernstein raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” 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.