Mission Wealth Management LP Acquires 798 Shares of Unilever PLC (NYSE:UL)

Mission Wealth Management LP increased its holdings in shares of Unilever PLC (NYSE:UL) by 7.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,338 shares of the company’s stock after purchasing an additional 798 shares during the period. Mission Wealth Management LP’s holdings in Unilever were worth $643,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of UL. Golden State Wealth Management LLC bought a new stake in Unilever in the 4th quarter valued at approximately $26,000. Financial Life Planners bought a new stake in Unilever in the 4th quarter valued at approximately $28,000. Roxbury Financial LLC bought a new stake in Unilever in the 4th quarter valued at approximately $30,000. Brooklyn Investment Group bought a new stake in Unilever in the 3rd quarter valued at approximately $40,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in Unilever in the 4th quarter valued at approximately $36,000. Institutional investors own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on UL. StockNews.com lowered Unilever from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. DZ Bank raised Unilever from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Royal Bank of Canada lowered Unilever from a “sector perform” rating to an “underperform” rating in a research report on Monday, January 6th. Sanford C. Bernstein raised Unilever from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. Finally, Erste Group Bank reissued a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Unilever presently has a consensus rating of “Moderate Buy” and an average target price of $66.33.

Unilever Price Performance

Shares of NYSE UL opened at $57.99 on Wednesday. The stock’s fifty day moving average price is $56.62 and its two-hundred day moving average price is $59.87. Unilever PLC has a one year low of $46.46 and a one year high of $65.87. The firm has a market cap of $143.90 billion, a price-to-earnings ratio of 16.62, a P/E/G ratio of 1.60 and a beta of 0.47.

Unilever Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a dividend of $0.4674 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.87 dividend on an annualized basis and a dividend yield of 3.22%. Unilever’s payout ratio is 53.01%.

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.