Salem Investment Counselors Inc. Purchases 562 Shares of Unilever PLC (NYSE:UL)

Salem Investment Counselors Inc. lifted its position in shares of Unilever PLC (NYSE:ULFree Report) by 24.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,817 shares of the company’s stock after purchasing an additional 562 shares during the quarter. Salem Investment Counselors Inc.’s holdings in Unilever were worth $137,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fortis Capital Advisors LLC acquired a new stake in shares of Unilever during the fourth quarter worth $26,000. Jones Financial Companies Lllp increased its stake in Unilever by 111.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 552 shares of the company’s stock valued at $27,000 after buying an additional 291 shares during the last quarter. VisionPoint Advisory Group LLC increased its stake in Unilever by 215.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock valued at $29,000 after buying an additional 400 shares during the last quarter. Barrett & Company Inc. increased its stake in Unilever by 51.5% in the 3rd quarter. Barrett & Company Inc. now owns 606 shares of the company’s stock valued at $30,000 after buying an additional 206 shares during the last quarter. Finally, Covestor Ltd increased its stake in Unilever by 204.6% in the 1st quarter. Covestor Ltd now owns 667 shares of the company’s stock valued at $30,000 after buying an additional 448 shares during the last quarter. 9.67% of the stock is owned by institutional investors.

Unilever Stock Down 0.7 %

Shares of UL stock opened at $49.64 on Tuesday. The company has a 50-day simple moving average of $49.28 and a 200 day simple moving average of $48.75. Unilever PLC has a 52 week low of $46.16 and a 52 week high of $55.99.

Unilever Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, February 23rd were issued a dividend of $0.4582 per share. This represents a $1.83 annualized dividend and a dividend yield of 3.69%. The ex-dividend date was Thursday, February 22nd.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on UL. Jefferies Financial Group lowered shares of Unilever from a “buy” rating to an “underperform” rating in a research note on Monday, December 11th. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th. Sanford C. Bernstein upgraded shares of Unilever from an “underperform” rating to a “market perform” rating in a research note on Monday, December 11th. Finally, Morgan Stanley downgraded shares of Unilever from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $52.00 to $48.00 in a report on Tuesday, February 27th. Three investment 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’s stock. According to MarketBeat.com, Unilever presently has a consensus rating of “Hold” and an average price target of $48.00.

Read Our Latest Research Report on UL

Unilever Company Profile

(Free Report)

Unilever PLC operates as a fast-moving consumer goods company. It operates through Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream segments. 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, which includes the vitamins, minerals, and supplements.

See Also

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Institutional Ownership by Quarter for Unilever (NYSE:UL)

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