Azimuth Capital Management LLC Takes $3.57 Million Position in Unilever PLC (NYSE:UL)

Azimuth Capital Management LLC acquired a new position in shares of Unilever PLC (NYSE:UL) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 59,096 shares of the company’s stock, valued at approximately $3,567,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Unilever by 13,019.3% during the 4th quarter. BlackRock Inc. now owns 18,772,198 shares of the company’s stock worth $1,133,090,000 after acquiring an additional 18,629,110 shares in the last quarter. Gardner Russo & Gardner LLC acquired a new stake in shares of Unilever in the fourth quarter worth $673,353,000. Wells Fargo & Company MN boosted its position in shares of Unilever by 199.6% in the fourth quarter. Wells Fargo & Company MN now owns 6,530,946 shares of the company’s stock worth $394,208,000 after buying an additional 4,351,317 shares during the period. Lazard Asset Management LLC boosted its position in Unilever by 89.6% during the fourth quarter. Lazard Asset Management LLC now owns 4,280,200 shares of the company’s stock valued at $258,350,000 after purchasing an additional 2,022,782 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Unilever by 208.9% during the fourth quarter. Northern Trust Corp now owns 4,269,676 shares of the company’s stock valued at $257,718,000 after purchasing an additional 2,887,678 shares during the last quarter.

UL stock traded up $1.06 during trading on Tuesday, hitting $55.37. The company had a trading volume of 263,912 shares, compared to its average volume of 2,167,824. The firm has a 50-day moving average price of $57.95 and a 200-day moving average price of $59.75. Unilever PLC has a 12 month low of $44.06 and a 12 month high of $63.89. The stock has a market cap of $64.70 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 4.19 and a beta of 0.44.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 17th. Investors of record on Friday, February 26th will be given a $0.5139 dividend. This represents a $2.06 annualized dividend and a yield of 3.71%. The ex-dividend date is Thursday, February 25th. This is a boost from Unilever’s previous quarterly dividend of $0.48. Unilever’s payout ratio is 63.99%.

Separately, Zacks Investment Research lowered Unilever from a “hold” rating to a “sell” rating in a 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 assigned a buy rating to the stock. Unilever presently has a consensus rating of “Hold” and a consensus target price of $57.00.

Unilever Profile

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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