Carret Asset Management LLC Invests $203,000 in Unilever PLC (NYSE:UL)

Carret Asset Management LLC bought a new stake in shares of Unilever PLC (NYSE:UL) during the 1st quarter, Holdings Channel.com reports. The firm bought 4,044 shares of the company’s stock, valued at approximately $203,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Rhumbline Advisers increased its stake in Unilever by 3.0% during the 3rd quarter. Rhumbline Advisers now owns 53,913 shares of the company’s stock worth $2,663,000 after buying an additional 1,580 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of Unilever by 17.5% in the third quarter. Advisors Asset Management Inc. now owns 53,353 shares of the company’s stock worth $2,636,000 after acquiring an additional 7,937 shares in the last quarter. Evergreen Capital Management LLC boosted its holdings in Unilever by 15.1% in the third quarter. Evergreen Capital Management LLC now owns 12,447 shares of the company’s stock valued at $615,000 after purchasing an additional 1,631 shares during the last quarter. Lido Advisors LLC boosted its holdings in Unilever by 3.0% in the third quarter. Lido Advisors LLC now owns 7,890 shares of the company’s stock valued at $390,000 after purchasing an additional 229 shares during the last quarter. Finally, Sei Investments Co. grew its stake in Unilever by 1.6% during the 3rd quarter. Sei Investments Co. now owns 394,801 shares of the company’s stock valued at $19,505,000 after purchasing an additional 6,341 shares in the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Trading Up 0.3 %

UL stock opened at $54.99 on Thursday. Unilever PLC has a 1-year low of $46.16 and a 1-year high of $56.47. The firm has a fifty day moving average price of $54.31 and a two-hundred day moving average price of $50.79.

Unilever Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were paid a $0.4556 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $1.82 dividend on an annualized basis and a yield of 3.31%.

Analyst Upgrades and Downgrades

UL has been the subject of a number of recent analyst reports. Redburn Atlantic raised shares of Unilever from a “neutral” rating to a “buy” rating in a research report on Friday, June 7th. JPMorgan Chase & Co. raised shares of Unilever from an “underweight” rating to an “overweight” rating in a report on Thursday, May 23rd. Argus upped their target price on shares of Unilever from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Finally, StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $54.00.

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.