Fourpath Capital Management LLC Acquires Shares of 3,454 Unilever PLC (NYSE:UL)

Fourpath Capital Management LLC acquired a new stake in Unilever PLC (NYSE:UL) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,454 shares of the company’s stock, valued at approximately $206,000.

A number of other hedge funds also recently bought and sold shares of UL. Golden State Wealth Management LLC acquired a new stake in Unilever in the 4th quarter valued at about $26,000. VSM Wealth Advisory LLC acquired a new stake in Unilever in the 4th quarter valued at about $28,000. Roxbury Financial LLC acquired a new stake in Unilever in the 4th quarter valued at about $30,000. Vermillion Wealth Management Inc. acquired a new stake in Unilever in the 4th quarter valued at about $30,000. Finally, Mainstream Capital Management LLC acquired a new stake in Unilever in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Stock Performance

NYSE:UL opened at $63.09 on Wednesday. The stock has a market capitalization of $155.05 billion, a P/E ratio of 18.08, a PEG ratio of 1.60 and a beta of 0.43. The company has a 50 day moving average price of $62.47 and a 200 day moving average price of $59.37. Unilever PLC has a fifty-two week low of $54.32 and a fifty-two week high of $65.87.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 16th will be given a dividend of $0.5151 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.27%. This is a boost from Unilever’s previous quarterly dividend of $0.47. Unilever’s dividend payout ratio (DPR) is presently 59.03%.

Analysts Set New Price Targets

UL has been the subject of a number of recent research reports. BNP Paribas Exane initiated coverage on shares of Unilever in a report on Thursday, May 29th. They issued an “outperform” rating and a $73.00 price objective for the company. Wall Street Zen cut shares of Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. UBS Group raised shares of Unilever from a “strong sell” rating to a “hold” rating in a research note on Friday, May 2nd. DZ Bank raised shares of Unilever from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Finally, BNP Paribas raised shares of Unilever to a “strong-buy” rating in a research note on Thursday, May 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.67.

Unilever 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.