CIBC Private Wealth Group LLC Has $2.90 Million Stake in Unilever PLC (NYSE:UL)

CIBC Private Wealth Group LLC lifted its holdings in shares of Unilever PLC (NYSE:ULFree Report) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,849 shares of the company’s stock after buying an additional 595 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Unilever were worth $2,901,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Marino Stram & Associates LLC grew its position in shares of Unilever by 2.2% during the 4th quarter. Marino Stram & Associates LLC now owns 9,963 shares of the company’s stock worth $483,000 after buying an additional 215 shares during the period. Pine Haven Investment Counsel Inc boosted its stake in Unilever by 3.7% during the 4th quarter. Pine Haven Investment Counsel Inc now owns 6,133 shares of the company’s stock worth $297,000 after acquiring an additional 216 shares during the last quarter. Avidian Wealth Solutions LLC boosted its stake in Unilever by 1.0% during the 4th quarter. Avidian Wealth Solutions LLC now owns 21,616 shares of the company’s stock worth $1,048,000 after acquiring an additional 216 shares during the last quarter. Baystate Wealth Management LLC boosted its stake in Unilever by 29.9% during the 4th quarter. Baystate Wealth Management LLC now owns 948 shares of the company’s stock worth $46,000 after acquiring an additional 218 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC boosted its stake in Unilever by 1.9% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 12,426 shares of the company’s stock worth $614,000 after acquiring an additional 229 shares during the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Stock Down 0.8 %

Shares of UL opened at $55.61 on Friday. Unilever PLC has a twelve month low of $46.16 and a twelve month high of $56.19. The firm’s 50 day moving average price is $51.61 and its two-hundred day moving average price is $49.80.

Unilever Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were given a $0.4556 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date was Thursday, May 16th.

Wall Street Analyst Weigh In

UL has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised shares of Unilever from an “underweight” rating to an “overweight” rating in a research note on Thursday, May 23rd. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Argus lifted their price objective on shares of Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Morgan Stanley lowered shares of Unilever from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $52.00 to $48.00 in a research note on Tuesday, February 27th. Finally, Redburn Atlantic raised shares of Unilever from a “neutral” rating to a “buy” rating in a research note on Friday. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Unilever presently has a consensus rating of “Hold” and a consensus price target of $54.00.

Get Our Latest Stock Report on Unilever

Unilever Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Unilever (NYSE:UL)

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