Unilever PLC (NYSE:UL) Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. raised its holdings in shares of Unilever PLC (NYSE:UL) by 6.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 235,108 shares of the company’s stock after acquiring an additional 14,022 shares during the quarter. QRG Capital Management Inc.’s holdings in Unilever were worth $13,331,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in UL. International Assets Investment Management LLC acquired a new position in shares of Unilever during the 3rd quarter worth about $11,908,000. Arkadios Wealth Advisors boosted its position in shares of Unilever by 55.9% during the 3rd quarter. Arkadios Wealth Advisors now owns 6,481 shares of the company’s stock worth $421,000 after acquiring an additional 2,325 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Unilever by 16.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 110,528 shares of the company’s stock worth $7,180,000 after acquiring an additional 15,941 shares in the last quarter. Pinnacle Associates Ltd. boosted its position in shares of Unilever by 8.0% during the 3rd quarter. Pinnacle Associates Ltd. now owns 42,512 shares of the company’s stock worth $2,762,000 after acquiring an additional 3,138 shares in the last quarter. Finally, Diversify Wealth Management LLC boosted its position in shares of Unilever by 1.8% during the 3rd quarter. Diversify Wealth Management LLC now owns 23,768 shares of the company’s stock worth $1,441,000 after acquiring an additional 431 shares in the last quarter. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Stock Up 0.8 %

UL opened at $56.46 on Friday. The business has a 50 day moving average price of $56.60 and a two-hundred day moving average price of $59.96. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87.

Unilever Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.4674 per share. This represents a $1.87 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Friday, February 28th.

Analyst Upgrades and Downgrades

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

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.