Unilever PLC (NYSE:UL) Shares Purchased by Hamilton Point Investment Advisors LLC

Hamilton Point Investment Advisors LLC increased its position in shares of Unilever PLC (NYSE:UL) by 1.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 113,348 shares of the company’s stock after acquiring an additional 1,412 shares during the quarter. Hamilton Point Investment Advisors LLC’s holdings in Unilever were worth $5,495,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quilter Plc acquired a new stake in shares of Unilever during the first quarter valued at about $244,998,000. Barrett & Company Inc. increased its position in shares of Unilever by 51.5% during the third quarter. Barrett & Company Inc. now owns 606 shares of the company’s stock valued at $30,000 after acquiring an additional 206 shares during the last quarter. Legacy Private Trust Co. increased its position in shares of Unilever by 4.0% during the third quarter. Legacy Private Trust Co. now owns 5,518 shares of the company’s stock valued at $273,000 after acquiring an additional 212 shares during the last quarter. Sage Rhino Capital LLC increased its position in shares of Unilever by 2.4% during the third quarter. Sage Rhino Capital LLC now owns 9,066 shares of the company’s stock valued at $448,000 after acquiring an additional 215 shares during the last quarter. Finally, Pine Haven Investment Counsel Inc increased its position in shares of Unilever by 3.7% during the fourth quarter. Pine Haven Investment Counsel Inc now owns 6,133 shares of the company’s stock valued at $297,000 after acquiring an additional 216 shares during the last quarter. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Trading Down 0.1 %

Shares of UL stock traded down $0.04 during trading on Monday, reaching $46.72. The company’s stock had a trading volume of 2,546,559 shares, compared to its average volume of 2,718,670. The stock’s 50-day moving average price is $49.52 and its 200 day moving average price is $48.61. Unilever PLC has a 1-year low of $46.16 and a 1-year high of $55.99.

Unilever Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, February 23rd were paid a $0.4582 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.83 dividend on an annualized basis and a yield of 3.92%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on UL shares. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research report on Saturday. Morgan Stanley cut 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. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $48.00.

About Unilever

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.