Cornerstone Wealth Group LLC Takes $337,000 Position in Unilever PLC (NYSE:UL)

Cornerstone Wealth Group LLC bought a new position in shares of Unilever PLC (NYSE:UL) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,722 shares of the company’s stock, valued at approximately $337,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in Unilever in the fourth quarter valued at $151,263,000. Wellington Management Group LLP increased its stake in Unilever by 3.3% during the fourth quarter. Wellington Management Group LLP now owns 34,494,131 shares of the company’s stock worth $1,672,275,000 after acquiring an additional 1,114,417 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of Unilever by 9.8% in the 4th quarter. Fisher Asset Management LLC now owns 10,843,977 shares of the company’s stock valued at $525,716,000 after purchasing an additional 965,173 shares in the last quarter. Corient Private Wealth LLC grew its holdings in shares of Unilever by 121.3% during the 4th quarter. Corient Private Wealth LLC now owns 1,352,472 shares of the company’s stock worth $65,568,000 after purchasing an additional 741,363 shares during the period. Finally, Morningstar Investment Services LLC grew its holdings in shares of Unilever by 97.9% during the 4th quarter. Morningstar Investment Services LLC now owns 1,212,262 shares of the company’s stock worth $58,770,000 after purchasing an additional 599,759 shares during the period. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Trading Down 0.7 %

NYSE UL traded down $0.36 on Friday, hitting $54.99. 2,487,618 shares of the stock traded hands, compared to its average volume of 2,202,291. The stock has a 50-day moving average of $54.04 and a 200 day moving average of $50.67. Unilever PLC has a twelve month low of $46.16 and a twelve month high of $56.47.

Unilever Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were given a dividend of $0.4556 per share. This represents a $1.82 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend was Thursday, May 16th.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Redburn Atlantic raised shares of Unilever from a “neutral” rating to a “buy” rating in a research report on Friday, June 7th. Argus upped their target price on shares of Unilever from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. StockNews.com lowered Unilever from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. upgraded Unilever from an “underweight” rating to an “overweight” rating in a report on Thursday, May 23rd. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $54.00.

About Unilever

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.