Ellis Investment Partners LLC purchased a new stake in Unilever N.V. (NYSE:UL) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 38,872 shares of the company’s stock, valued at approximately $38,000.
Other institutional investors have also bought and sold shares of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in shares of Unilever by 0.8% during the 1st quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,931,245 shares of the company’s stock worth $111,471,000 after acquiring an additional 15,399 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of Unilever by 2.9% during the 4th quarter. Deutsche Bank AG now owns 1,277,356 shares of the company’s stock worth $66,739,000 after acquiring an additional 35,464 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Unilever by 3.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 984,904 shares of the company’s stock worth $51,461,000 after acquiring an additional 33,526 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Unilever by 3.8% during the 4th quarter. Stifel Financial Corp now owns 648,029 shares of the company’s stock worth $33,830,000 after acquiring an additional 23,587 shares in the last quarter. Finally, Davis R M Inc. boosted its stake in shares of Unilever by 2.8% during the 4th quarter. Davis R M Inc. now owns 634,057 shares of the company’s stock worth $33,129,000 after acquiring an additional 17,064 shares in the last quarter. Institutional investors own 6.36% of the company’s stock.
Shares of Unilever stock traded up $0.76 during trading on Wednesday, hitting $61.28. 1,857,100 shares of the company were exchanged, compared to its average volume of 955,855. Unilever N.V. has a fifty-two week low of $50.80 and a fifty-two week high of $61.51. The company has a market capitalization of $71.11 billion, a P/E ratio of 22.12, a P/E/G ratio of 3.31 and a beta of 0.64.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Friday, May 3rd will be issued a $0.4641 dividend. The ex-dividend date is Thursday, May 2nd. This is an increase from Unilever’s previous quarterly dividend of $0.44. This represents a $1.86 annualized dividend and a yield of 3.03%. Unilever’s payout ratio is 66.43%.
Several brokerages have recently commented on UL. DZ Bank lowered Unilever from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Zacks Investment Research raised Unilever from a “hold” rating to a “strong-buy” rating and set a $66.00 price target on the stock in a research note on Friday, March 22nd. JPMorgan Chase & Co. restated a “sell” rating on shares of Unilever in a research report on Wednesday, January 30th. BNP Paribas downgraded Unilever from an “outperform” rating to a “neutral” rating in a research report on Wednesday, February 27th. Finally, Exane BNP Paribas downgraded Unilever from an “outperform” rating to a “neutral” rating in a research report on Wednesday, February 27th. One analyst has rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Unilever currently has an average rating of “Hold” and a consensus price target of $66.00.
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Unilever Company Profile
Unilever PLC operates in the fast moving consumer goods industry worldwide. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products primarily under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.
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