Mitchell & Pahl Private Wealth LLC Grows Stock Holdings in Unilever PLC (NYSE:UL)

Mitchell & Pahl Private Wealth LLC boosted its stake in shares of Unilever PLC (NYSE:UL) by 7.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,137 shares of the company’s stock after buying an additional 1,358 shares during the quarter. Mitchell & Pahl Private Wealth LLC’s holdings in Unilever were worth $1,085,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Bridgewater Advisors Inc. grew its holdings in shares of Unilever by 13.3% in the 4th quarter. Bridgewater Advisors Inc. now owns 18,781 shares of the company’s stock worth $1,028,000 after acquiring an additional 2,199 shares during the period. Diversify Wealth Management LLC raised its stake in shares of Unilever by 12.7% during the 4th quarter. Diversify Wealth Management LLC now owns 26,789 shares of the company’s stock worth $1,477,000 after buying an additional 3,021 shares during the last quarter. Gilman Hill Asset Management LLC boosted its position in shares of Unilever by 11.4% in the 4th quarter. Gilman Hill Asset Management LLC now owns 71,972 shares of the company’s stock worth $4,081,000 after buying an additional 7,380 shares in the last quarter. Smart Money Group LLC grew its stake in Unilever by 10.4% in the 4th quarter. Smart Money Group LLC now owns 11,658 shares of the company’s stock valued at $661,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Clarius Group LLC increased its holdings in Unilever by 48.7% during the 4th quarter. Clarius Group LLC now owns 7,859 shares of the company’s stock valued at $446,000 after acquiring an additional 2,573 shares in the last quarter. 9.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Royal Bank of Canada downgraded Unilever from a “sector perform” rating to an “underperform” rating in a research report on Monday, January 6th. Sanford C. Bernstein raised Unilever from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. Finally, StockNews.com lowered Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Three analysts have rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Unilever has a consensus rating of “Hold” and a consensus price target of $61.75.

Unilever Stock Performance

UL stock opened at $55.68 on Tuesday. Unilever PLC has a 52-week low of $46.46 and a 52-week high of $65.87. The stock’s fifty day simple moving average is $57.62 and its 200-day simple moving average is $60.36.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 8th were issued a $0.4755 dividend. This is a boost from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.90 annualized dividend and a yield of 3.42%.

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.