Wynn Capital LLC Invests $791,000 in Unilever PLC (NYSE:UL)

Wynn Capital LLC acquired a new stake in Unilever PLC (NYSE:UL) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 16,320 shares of the company’s stock, valued at approximately $791,000.

Several other large investors have also recently bought and sold shares of UL. FMR LLC grew its holdings in Unilever by 6.4% in the third quarter. FMR LLC now owns 8,548,447 shares of the company’s stock worth $422,293,000 after purchasing an additional 515,088 shares during the period. Envestnet Asset Management Inc. lifted its position in Unilever by 35.3% during the third quarter. Envestnet Asset Management Inc. now owns 4,748,095 shares of the company’s stock valued at $234,556,000 after purchasing an additional 1,238,734 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Unilever by 1.8% in the 3rd quarter. Royal Bank of Canada now owns 3,819,083 shares of the company’s stock worth $188,664,000 after acquiring an additional 67,190 shares during the last quarter. Raymond James & Associates lifted its holdings in Unilever by 2.1% during the 3rd quarter. Raymond James & Associates now owns 3,454,530 shares of the company’s stock valued at $170,654,000 after buying an additional 72,277 shares in the last quarter. Finally, Manning & Napier Group LLC increased its position in Unilever by 1.4% during the 4th quarter. Manning & Napier Group LLC now owns 3,332,954 shares of the company’s stock valued at $161,582,000 after purchasing an additional 47,256 shares during the period. 9.67% of the stock is owned by institutional investors.

Unilever Stock Performance

Shares of UL traded up $0.10 during trading on Wednesday, reaching $48.08. The company’s stock had a trading volume of 2,963,756 shares, compared to its average volume of 2,822,635. Unilever PLC has a twelve month low of $46.16 and a twelve month high of $55.99. The company has a fifty day moving average of $49.12 and a two-hundred day moving average of $48.52.

Unilever Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, February 23rd were issued a $0.4582 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.83 annualized dividend and a dividend yield of 3.81%.

Analysts Set New Price Targets

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

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.