Mission Wealth Management LP Increases Stake in Unilever PLC (NYSE:UL)

Mission Wealth Management LP boosted its stake in Unilever PLC (NYSE:UL) by 12.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,511 shares of the company’s stock after buying an additional 620 shares during the period. Mission Wealth Management LP’s holdings in Unilever were worth $267,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of UL. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Unilever by 3.3% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 118,430 shares of the company’s stock valued at $5,850,000 after purchasing an additional 3,765 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Unilever by 1.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 331,022 shares of the company’s stock worth $16,352,000 after acquiring an additional 5,868 shares in the last quarter. Stratos Wealth Partners LTD. grew its stake in shares of Unilever by 132.6% in the third quarter. Stratos Wealth Partners LTD. now owns 21,081 shares of the company’s stock worth $1,041,000 after acquiring an additional 12,019 shares during the last quarter. Stratos Wealth Advisors LLC increased its holdings in shares of Unilever by 6.8% during the third quarter. Stratos Wealth Advisors LLC now owns 6,541 shares of the company’s stock valued at $323,000 after acquiring an additional 418 shares in the last quarter. Finally, Brown Advisory Inc. raised its position in shares of Unilever by 7.2% in the 3rd quarter. Brown Advisory Inc. now owns 815,204 shares of the company’s stock worth $40,271,000 after purchasing an additional 54,947 shares during the last quarter. 9.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

UL has been the topic of several recent analyst reports. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a research report on Wednesday. Morgan Stanley cut shares of Unilever from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $52.00 to $48.00 in a report on Tuesday, February 27th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $48.00.

Unilever Price Performance

Shares of NYSE:UL opened at $52.13 on Friday. The business has a 50-day simple moving average of $49.18 and a two-hundred day simple moving average of $48.66. Unilever PLC has a fifty-two week low of $46.16 and a fifty-two week high of $55.69.

Unilever Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be issued a $0.4556 dividend. This represents a $1.82 annualized dividend and a dividend yield of 3.50%. The ex-dividend date is Thursday, May 16th.

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.