Essex Savings Bank Takes $212,000 Position in Unilever PLC (NYSE:UL)

Essex Savings Bank acquired a new stake in shares of Unilever PLC (NYSE:ULFree Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,369 shares of the company’s stock, valued at approximately $212,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UL. Norges Bank purchased a new position in shares of Unilever during the fourth quarter worth approximately $181,854,000. Alliancebernstein L.P. purchased a new position in Unilever during the 4th quarter worth $169,744,000. Lazard Asset Management LLC raised its position in Unilever by 48.9% during the 2nd quarter. Lazard Asset Management LLC now owns 5,855,011 shares of the company’s stock valued at $305,221,000 after purchasing an additional 1,922,771 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Unilever by 1,869.4% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,519,198 shares of the company’s stock worth $69,625,000 after buying an additional 1,442,059 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of Unilever by 35.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,748,095 shares of the company’s stock worth $234,556,000 after buying an additional 1,238,734 shares in the last quarter. Institutional investors own 9.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on UL. Sanford C. Bernstein upgraded Unilever from an “underperform” rating to a “market perform” rating in a report on Monday, December 11th. Morgan Stanley lowered shares of Unilever from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $52.00 to $48.00 in a report on Tuesday, February 27th. upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th. Finally, Jefferies Financial Group downgraded shares of Unilever from a “buy” rating to an “underperform” rating in a research note on Monday, December 11th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $48.00.

Check Out Our Latest Report on Unilever

Unilever Trading Down 1.0 %

UL opened at $49.35 on Wednesday. The business’s 50-day moving average is $49.55 and its two-hundred day moving average is $48.73. Unilever PLC has a 1 year low of $46.16 and a 1 year high of $55.99.

Unilever Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, February 23rd were given a $0.4582 dividend. This represents a $1.83 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date was Thursday, February 22nd.

Unilever Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Unilever (NYSE:UL)

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