SageView Advisory Group LLC Purchases 999 Shares of Unilever PLC (NYSE:UL)

SageView Advisory Group LLC grew its position in shares of Unilever PLC (NYSE:UL) by 19.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,102 shares of the company’s stock after purchasing an additional 999 shares during the period. SageView Advisory Group LLC’s holdings in Unilever were worth $299,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP lifted its position in Unilever by 3.3% in the 4th quarter. Wellington Management Group LLP now owns 34,494,131 shares of the company’s stock worth $1,672,275,000 after buying an additional 1,114,417 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Unilever by 9.8% in the 4th quarter. Fisher Asset Management LLC now owns 10,843,977 shares of the company’s stock valued at $525,716,000 after purchasing an additional 965,173 shares in the last quarter. FMR LLC grew its holdings in shares of Unilever by 6.4% during the 3rd quarter. FMR LLC now owns 8,548,447 shares of the company’s stock valued at $422,293,000 after purchasing an additional 515,088 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in Unilever by 5.3% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 6,548,241 shares of the company’s stock worth $317,459,000 after purchasing an additional 329,705 shares during the period. Finally, Royal Bank of Canada lifted its stake in Unilever by 1.8% in the third quarter. Royal Bank of Canada now owns 3,819,083 shares of the company’s stock worth $188,664,000 after purchasing an additional 67,190 shares during the last quarter. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Unilever Stock Performance

Shares of NYSE UL opened at $56.17 on Thursday. The firm has a fifty day simple moving average of $52.79 and a two-hundred day simple moving average of $50.28. Unilever PLC has a 12 month low of $46.16 and a 12 month high of $56.47.

Unilever Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were issued a $0.4556 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $1.82 annualized dividend and a yield of 3.24%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on UL shares. JPMorgan Chase & Co. upgraded Unilever from an “underweight” rating to an “overweight” rating in a report on Thursday, May 23rd. Morgan Stanley lowered Unilever from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $52.00 to $48.00 in a research note on Tuesday, February 27th. Redburn Atlantic raised shares of Unilever from a “neutral” rating to a “buy” rating in a research note on Friday, June 7th. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Finally, Argus boosted their price objective on shares of Unilever from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $54.00.

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.