99,679 Shares in Unilever PLC (NYSE:UL) Bought by Pillar Pacific Capital Management LLC

Pillar Pacific Capital Management LLC bought a new position in shares of Unilever PLC (NYSE:UL) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 99,679 shares of the company’s stock, valued at approximately $6,017,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Glassman Wealth Services boosted its stake in Unilever by 91.0% during the 3rd quarter. Glassman Wealth Services now owns 405 shares of the company’s stock worth $25,000 after purchasing an additional 193 shares during the last quarter. NuWave Investment Management LLC acquired a new stake in Unilever during the 4th quarter worth $28,000. Atticus Wealth Management LLC acquired a new stake in Unilever during the 4th quarter worth $28,000. Ninety One UK Ltd boosted its stake in Unilever by 82.4% during the 4th quarter. Ninety One UK Ltd now owns 540 shares of the company’s stock worth $33,000 after purchasing an additional 244 shares during the last quarter. Finally, Tortoise Investment Management LLC boosted its stake in Unilever by 266.7% during the 3rd quarter. Tortoise Investment Management LLC now owns 550 shares of the company’s stock worth $34,000 after purchasing an additional 400 shares during the last quarter.

NYSE UL traded up $0.82 during trading hours on Tuesday, reaching $55.13. The company had a trading volume of 218,240 shares, compared to its average volume of 2,167,824. The stock has a 50-day moving average of $57.95 and a 200 day moving average of $59.75. Unilever PLC has a 1-year low of $44.06 and a 1-year high of $63.89. The stock has a market capitalization of $64.42 billion, a P/E ratio of 18.99, a price-to-earnings-growth ratio of 4.19 and a beta of 0.44.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 17th. Shareholders of record on Friday, February 26th will be paid a dividend of $0.5139 per share. The ex-dividend date is Thursday, February 25th. This is a positive change from Unilever’s previous quarterly dividend of $0.48. This represents a $2.06 dividend on an annualized basis and a yield of 3.73%. Unilever’s dividend payout ratio is 63.99%.

Separately, Zacks Investment Research cut shares of Unilever from a “hold” rating to a “sell” rating in a research report on Wednesday, February 10th. Six investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $57.00.

About Unilever

Unilever PLC, together with its subsidiaries, operates in the fast-moving consumer goods industry worldwide. It operates through three segments: Beauty & Personal Care, Foods & Refreshment, and Home Care. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and skin cleansing products under the Axe, Clear, Dove, Lifebuoy, Lux, Pond's, Rexona, Signal, Suave, Sunsilk, TRESemmé, and Vaseline brands.

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Institutional Ownership by Quarter for Unilever (NYSE:UL)

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