14,391 Shares in Unilever PLC (NYSE:UL) Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in shares of Unilever PLC (NYSE:UL) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 14,391 shares of the company’s stock, valued at approximately $816,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Fisher Asset Management LLC boosted its holdings in shares of Unilever by 7.1% in the 3rd quarter. Fisher Asset Management LLC now owns 16,726,400 shares of the company’s stock worth $1,086,547,000 after purchasing an additional 1,114,177 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of Unilever by 66.4% in the 4th quarter. Jennison Associates LLC now owns 3,454,686 shares of the company’s stock worth $195,881,000 after purchasing an additional 1,378,517 shares in the last quarter. Hamlin Capital Management LLC boosted its holdings in shares of Unilever by 7.8% in the 4th quarter. Hamlin Capital Management LLC now owns 2,874,929 shares of the company’s stock worth $163,008,000 after purchasing an additional 207,549 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of Unilever by 3.7% in the 3rd quarter. Bank of Montreal Can now owns 1,812,164 shares of the company’s stock worth $118,588,000 after purchasing an additional 63,835 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Unilever by 18.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,240,653 shares of the company’s stock worth $70,132,000 after purchasing an additional 190,753 shares in the last quarter. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UL has been the subject of a number of research reports. Sanford C. Bernstein upgraded Unilever from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. StockNews.com cut Unilever from a “buy” rating to a “hold” rating in a report on Wednesday. Erste Group Bank restated a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Royal Bank of Canada cut Unilever from a “sector perform” rating to an “underperform” rating in a report on Monday, January 6th. Finally, DZ Bank upgraded Unilever from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Unilever currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.33.

Unilever Stock Up 0.8 %

UL opened at $56.46 on Friday. The business has a 50 day simple moving average of $56.60 and a two-hundred day simple moving average of $59.96. Unilever PLC has a one year low of $46.46 and a one year high of $65.87.

Unilever Cuts Dividend

The firm 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. This represents a $1.87 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date is Friday, February 28th.

Unilever Company 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.