IFP Advisors Inc Acquires 42,613 Shares of Unilever PLC (NYSE:UL)

IFP Advisors Inc raised its holdings in shares of Unilever PLC (NYSE:UL) by 833.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,726 shares of the company’s stock after buying an additional 42,613 shares during the quarter. IFP Advisors Inc’s holdings in Unilever were worth $2,706,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new position in Unilever in the 3rd quarter worth approximately $11,908,000. Hennion & Walsh Asset Management Inc. purchased a new position in Unilever in the 3rd quarter worth approximately $463,000. Arkadios Wealth Advisors grew its stake in Unilever by 55.9% in the 3rd quarter. Arkadios Wealth Advisors now owns 6,481 shares of the company’s stock worth $421,000 after buying an additional 2,325 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Unilever by 16.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 110,528 shares of the company’s stock worth $7,180,000 after buying an additional 15,941 shares in the last quarter. Finally, J.W. Cole Advisors Inc. grew its stake in Unilever by 3.0% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 11,324 shares of the company’s stock worth $736,000 after buying an additional 334 shares in the last quarter. 9.67% of the stock is currently owned by institutional investors.

Unilever Stock Down 0.8 %

Shares of NYSE UL opened at $55.87 on Wednesday. The firm’s 50-day moving average price is $56.66 and its 200-day moving average price is $60.01. 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 declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.4674 per share. This represents a $1.87 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date is Friday, February 28th.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on UL shares. Erste Group Bank reissued a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. StockNews.com cut shares of Unilever from a “buy” rating to a “hold” rating in a research note on Wednesday. Sanford C. Bernstein raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. DZ Bank raised shares of Unilever from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Finally, Royal Bank of Canada cut shares of Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $61.75.

About Unilever

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.