Opal Wealth Advisors LLC Purchases New Position in Unilever PLC (NYSE:UL)

Opal Wealth Advisors LLC acquired a new stake in Unilever PLC (NYSE:UL) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,265 shares of the company’s stock, valued at approximately $164,000.

Several other large investors have also modified their holdings of the company. Wellington Management Group LLP boosted its holdings in shares of Unilever by 3.3% in the fourth quarter. Wellington Management Group LLP now owns 34,494,131 shares of the company’s stock valued at $1,672,275,000 after acquiring an additional 1,114,417 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Unilever by 9.8% during the fourth quarter. Fisher Asset Management LLC now owns 10,843,977 shares of the company’s stock worth $525,716,000 after purchasing an additional 965,173 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Unilever by 5.3% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 6,548,241 shares of the company’s stock worth $317,459,000 after purchasing an additional 329,705 shares during the period. Royal Bank of Canada lifted its holdings in shares of Unilever by 1.8% during the third quarter. Royal Bank of Canada now owns 3,819,083 shares of the company’s stock worth $188,664,000 after purchasing an additional 67,190 shares during the period. Finally, Manning & Napier Group LLC lifted its holdings in shares of Unilever by 1.4% during the fourth quarter. Manning & Napier Group LLC now owns 3,332,954 shares of the company’s stock worth $161,582,000 after purchasing an additional 47,256 shares during the period. 9.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Redburn Atlantic raised Unilever from a “neutral” rating to a “buy” rating in a report on Friday, June 7th. Argus increased their price target on Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Morgan Stanley downgraded Unilever from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $52.00 to $48.00 in a report on Tuesday, February 27th. JPMorgan Chase & Co. upgraded Unilever from an “underweight” rating to an “overweight” rating in a research report on Thursday, May 23rd. Finally, StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Unilever presently has a consensus rating of “Hold” and a consensus price target of $54.00.

Unilever Stock Performance

Shares of UL stock opened at $56.14 on Monday. Unilever PLC has a fifty-two week low of $46.16 and a fifty-two week high of $56.47. The business has a fifty day simple moving average of $53.15 and a 200-day simple moving average of $50.41.

Unilever Cuts Dividend

The company also recently declared 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 3.25%. The ex-dividend date of this dividend was Thursday, May 16th.

Unilever Company 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.