Frank Rimerman Advisors LLC Purchases 212 Shares of Unilever PLC (NYSE:UL)

Frank Rimerman Advisors LLC grew its position in Unilever PLC (NYSE:UL) by 4.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,040 shares of the company’s stock after acquiring an additional 212 shares during the period. Frank Rimerman Advisors LLC’s holdings in Unilever were worth $286,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new position in shares of Unilever in the 4th quarter valued at $26,000. Financial Life Planners acquired a new stake in Unilever in the fourth quarter valued at $28,000. Roxbury Financial LLC acquired a new stake in Unilever in the fourth quarter valued at $30,000. Mainstream Capital Management LLC acquired a new stake in Unilever in the fourth quarter valued at $31,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Unilever in the fourth quarter valued at $36,000. 9.67% of the stock is currently owned by institutional investors.

Unilever Trading Up 1.7 %

Shares of Unilever stock opened at $59.73 on Tuesday. The business has a 50-day moving average price of $57.04 and a two-hundred day moving average price of $59.62. The company has a market cap of $148.23 billion, a P/E ratio of 17.12, a PEG ratio of 1.60 and a beta of 0.47. Unilever PLC has a 1-year low of $46.46 and a 1-year high of $65.87.

Unilever Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a $0.4674 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.87 annualized dividend and a dividend yield of 3.13%. Unilever’s dividend payout ratio is presently 53.01%.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Royal Bank of Canada downgraded Unilever from a “sector perform” rating to an “underperform” rating in a report on Monday, January 6th. Erste Group Bank restated a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. DZ Bank upgraded Unilever from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Sanford C. Bernstein upgraded Unilever from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. Finally, StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a report on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $66.33.

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.