GYL Financial Synergies LLC acquired a new position in Unilever N.V. (NYSE:UL) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 16,163 shares of the company’s stock, valued at approximately $933,000.
Several other institutional investors have also recently modified their holdings of the company. Sigma Planning Corp acquired a new position in shares of Unilever in the 1st quarter valued at $222,000. NumerixS Investment Technologies Inc acquired a new position in shares of Unilever in the 4th quarter valued at $125,000. IHT Wealth Management LLC lifted its stake in shares of Unilever by 13.8% in the 4th quarter. IHT Wealth Management LLC now owns 8,014 shares of the company’s stock valued at $419,000 after purchasing an additional 970 shares during the period. FDx Advisors Inc. lifted its stake in shares of Unilever by 7.6% in the 4th quarter. FDx Advisors Inc. now owns 45,710 shares of the company’s stock valued at $2,388,000 after purchasing an additional 3,226 shares during the period. Finally, Parsons Capital Management Inc. RI lifted its stake in shares of Unilever by 1.4% in the 1st quarter. Parsons Capital Management Inc. RI now owns 36,997 shares of the company’s stock valued at $2,135,000 after purchasing an additional 523 shares during the period. 6.95% of the stock is currently owned by hedge funds and other institutional investors.
UL has been the subject of several analyst reports. Zacks Investment Research cut shares of Unilever from a “hold” rating to a “sell” rating in a research note on Thursday, February 14th. BNP Paribas cut shares of Unilever from an “outperform” rating to a “neutral” rating in a research note on Wednesday, February 27th. Exane BNP Paribas cut shares of Unilever from an “outperform” rating to a “neutral” rating in a research note on Wednesday, February 27th. DZ Bank cut shares of Unilever from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Finally, Credit Suisse Group upgraded shares of Unilever from a “neutral” rating to an “outperform” rating in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $66.00.
NYSE UL traded down $0.14 on Friday, hitting $62.55. The company had a trading volume of 27,127 shares, compared to its average volume of 754,120. The firm has a market cap of $73.26 billion, a PE ratio of 22.52, a PEG ratio of 3.43 and a beta of 0.59. Unilever N.V. has a 12-month low of $50.80 and a 12-month high of $63.45.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Friday, May 3rd were issued a $0.4641 dividend. This represents a $1.86 annualized dividend and a yield of 2.97%. The ex-dividend date was Thursday, May 2nd. This is a positive change from Unilever’s previous quarterly dividend of $0.44. Unilever’s payout ratio is presently 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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