Unilever PLC (NYSE:UL) Shares Bought by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC boosted its stake in shares of Unilever PLC (NYSE:UL) by 2.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 127,190 shares of the company’s stock after purchasing an additional 2,558 shares during the period. Beacon Pointe Advisors LLC’s holdings in Unilever were worth $7,212,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new stake in shares of Unilever in the fourth quarter valued at about $26,000. Financial Life Planners acquired a new stake in shares of Unilever in the fourth quarter valued at about $28,000. VSM Wealth Advisory LLC acquired a new stake in shares of Unilever in the fourth quarter valued at about $28,000. Roxbury Financial LLC acquired a new stake in shares of Unilever in the fourth quarter valued at about $30,000. Finally, Mainstream Capital Management LLC acquired a new stake in shares of Unilever in the fourth quarter valued at about $31,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Price Performance

NYSE UL opened at $63.17 on Tuesday. Unilever PLC has a 1 year low of $51.34 and a 1 year high of $65.87. The company has a market capitalization of $155.79 billion, a PE ratio of 18.10, a P/E/G ratio of 1.60 and a beta of 0.42. The company has a fifty day moving average of $59.62 and a two-hundred day moving average of $58.80.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 16th will be issued a $0.5151 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.26%. This is a boost from Unilever’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Friday, May 16th. Unilever’s dividend payout ratio is presently 59.03%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada lowered shares of Unilever from a “sector perform” rating to an “underperform” rating in a report on Monday, January 6th. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a report on Monday. DZ Bank raised shares of Unilever from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Finally, Sanford C. Bernstein raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Unilever has an average rating of “Moderate Buy” and an average target price of $66.33.

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.