Gallacher Capital Management LLC Purchases 525 Shares of Unilever PLC (NYSE:UL)

Gallacher Capital Management LLC increased its stake in shares of Unilever PLC (NYSE:UL) by 8.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,749 shares of the company’s stock after buying an additional 525 shares during the period. Gallacher Capital Management LLC’s holdings in Unilever were worth $327,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of UL. Citigroup Inc. boosted its stake in shares of Unilever by 51.1% in the 3rd quarter. Citigroup Inc. now owns 672,859 shares of the company’s stock valued at $33,239,000 after purchasing an additional 227,681 shares during the last quarter. Levin Capital Strategies L.P. grew its holdings in Unilever by 35.7% during the 4th quarter. Levin Capital Strategies L.P. now owns 428,269 shares of the company’s stock worth $20,762,000 after acquiring an additional 112,677 shares during the period. Manning & Napier Group LLC raised its position in shares of Unilever by 1.4% during the 4th quarter. Manning & Napier Group LLC now owns 3,332,954 shares of the company’s stock valued at $161,582,000 after acquiring an additional 47,256 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Unilever by 3,718.5% in the 4th quarter. International Assets Investment Management LLC now owns 171,641 shares of the company’s stock valued at $8,321,000 after purchasing an additional 167,146 shares during the period. Finally, Jennison Associates LLC bought a new position in shares of Unilever in the 4th quarter worth $8,038,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on UL. Morgan Stanley cut Unilever from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $52.00 to $48.00 in a research note on Tuesday, February 27th. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $48.00.

Unilever Stock Up 0.0 %

Shares of Unilever stock traded up $0.02 during trading on Monday, hitting $52.15. 2,388,250 shares of the stock were exchanged, compared to its average volume of 2,903,259. The company has a fifty day moving average price of $49.21 and a 200-day moving average price of $48.69. Unilever PLC has a 1-year low of $46.16 and a 1-year high of $55.63.

Unilever Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be paid a $0.4556 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date is Thursday, May 16th.

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.