Shorepoint Capital Partners LLC bought a new stake in Unilever N.V. (NYSE:UL) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 37,034 shares of the company’s stock, valued at approximately $2,138,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Matthew Goff Investment Advisor LLC grew its position in shares of Unilever by 5,428.0% in the third quarter. Matthew Goff Investment Advisor LLC now owns 4,714,748 shares of the company’s stock valued at $85,288,000 after purchasing an additional 4,629,460 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in Unilever by 0.8% during the first 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 during the last quarter. Deutsche Bank AG boosted its position in Unilever by 2.9% during the fourth 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 during the last quarter. Dimensional Fund Advisors LP boosted its position in Unilever by 3.5% during the fourth 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 during the last quarter. Finally, Stifel Financial Corp boosted its position in Unilever by 3.8% during the fourth 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 during the last quarter. 6.43% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently weighed in on the stock. UBS Group lowered shares of Unilever from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 8th. JPMorgan Chase & Co. reiterated a “sell” rating on shares of Unilever in a report on Wednesday, January 30th. Zacks Investment Research lowered shares of Unilever from a “hold” rating to a “sell” rating in a report on Saturday, February 2nd. Credit Suisse Group upgraded shares of Unilever from a “neutral” rating to an “outperform” rating in a report on Friday. Finally, BNP Paribas lowered shares of Unilever from an “outperform” rating to a “neutral” rating in a report on Wednesday, February 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $66.00.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Friday, May 3rd will be paid a $0.4641 dividend. This represents a $1.86 dividend on an annualized basis and a dividend yield of 3.07%. This is an increase from Unilever’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, May 2nd. Unilever’s payout ratio is 66.43%.
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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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