Ignite Planners LLC Has $558,000 Holdings in Unilever PLC (NYSE:UL)

Ignite Planners LLC grew its position in shares of Unilever PLC (NYSE:UL) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,877 shares of the company’s stock after purchasing an additional 398 shares during the quarter. Ignite Planners LLC’s holdings in Unilever were worth $558,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UL. Abich Financial Wealth Management LLC grew its stake in Unilever by 393.5% during the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock worth $29,000 after purchasing an additional 425 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Unilever during the 3rd quarter worth approximately $35,000. Jamison Private Wealth Management Inc. grew its position in shares of Unilever by 202.5% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock worth $39,000 after buying an additional 405 shares during the period. Brooklyn Investment Group bought a new stake in shares of Unilever in the 3rd quarter valued at $40,000. Finally, Coastline Trust Co acquired a new position in shares of Unilever during the 3rd quarter valued at $48,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on UL. Erste Group Bank reissued a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Royal Bank of Canada downgraded shares of Unilever from a “sector perform” rating to an “underperform” rating in a research report on Monday, January 6th. Finally, StockNews.com downgraded shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $61.75.

Unilever Stock Performance

UL opened at $55.06 on Tuesday. The firm has a 50-day moving average of $58.00 and a 200 day moving average of $60.35. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87. The firm has a market cap of $136.44 billion, a P/E ratio of 16.58, a PEG ratio of 1.80 and a beta of 0.49.

Unilever Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 8th were paid a dividend of $0.4755 per share. This is an increase from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date was Friday, November 8th. This represents a $1.90 annualized dividend and a dividend yield of 3.45%. Unilever’s dividend payout ratio is presently 56.63%.

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.