Procyon Advisors LLC Has $2 Million Holdings in Unilever PLC (NYSE:UL)

Procyon Advisors LLC boosted its position in shares of Unilever PLC (NYSE:UL) by 357.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,333 shares of the company’s stock after acquiring an additional 27,609 shares during the period. Procyon Advisors LLC’s holdings in Unilever were worth $2,003,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV grew its stake in shares of Unilever by 7.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 2,781 shares of the company’s stock worth $181,000 after acquiring an additional 181 shares during the last quarter. Timber Creek Capital Management LLC boosted its holdings in Unilever by 0.5% in the 3rd quarter. Timber Creek Capital Management LLC now owns 39,530 shares of the company’s stock valued at $2,568,000 after purchasing an additional 182 shares during the period. Good Life Advisors LLC grew its position in Unilever by 4.5% in the 3rd quarter. Good Life Advisors LLC now owns 4,536 shares of the company’s stock worth $295,000 after purchasing an additional 196 shares during the last quarter. Fiduciary Financial Group LLC increased its holdings in shares of Unilever by 4.3% during the 3rd quarter. Fiduciary Financial Group LLC now owns 4,875 shares of the company’s stock worth $307,000 after purchasing an additional 201 shares during the period. Finally, Franklin Street Advisors Inc. NC raised its position in shares of Unilever by 4.0% during the fourth quarter. Franklin Street Advisors Inc. NC now owns 5,327 shares of the company’s stock valued at $302,000 after buying an additional 204 shares during the last quarter. 9.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on UL. StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Sanford C. Bernstein raised Unilever from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. Royal Bank of Canada cut Unilever from a “sector perform” rating to an “underperform” rating in a research report on Monday, January 6th. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $61.75.

Unilever Stock Up 0.4 %

Shares of UL stock opened at $55.68 on Friday. The stock’s fifty day simple moving average is $57.69 and its 200 day simple moving average is $60.27. Unilever PLC has a one year low of $46.46 and a one year high of $65.87.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 8th were paid a $0.4755 dividend. This represents a $1.90 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend was Friday, November 8th. This is an increase from Unilever’s previous quarterly dividend of $0.35.

Unilever 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.