Life Planning Partners Inc Makes New $30,000 Investment in Unilever PLC (NYSE:UL)

Life Planning Partners Inc purchased a new stake in Unilever PLC (NYSE:UL – Get Rating) during the 4th quarter, HoldingsChannel reports. The fund purchased 550 shares of the company’s stock, valued at approximately $30,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. OLD Mission Capital LLC raised its holdings in Unilever by 59.9% during the 3rd quarter. OLD Mission Capital LLC now owns 27,043 shares of the company’s stock valued at $1,668,000 after acquiring an additional 10,133 shares during the period. Keudell Morrison Wealth Management increased its position in shares of Unilever by 8.6% during the third quarter. Keudell Morrison Wealth Management now owns 13,866 shares of the company’s stock valued at $752,000 after buying an additional 1,098 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Unilever by 3.9% in the third quarter. Alliancebernstein L.P. now owns 29,715 shares of the company’s stock worth $1,611,000 after buying an additional 1,112 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Unilever by 1.0% in the third quarter. Goldman Sachs Group Inc. now owns 2,630,743 shares of the company’s stock valued at $142,640,000 after acquiring an additional 25,053 shares during the period. Finally, BOKF NA bought a new position in shares of Unilever in the third quarter worth $2,529,000. 16.81% of the stock is owned by institutional investors.

UL stock traded up $0.94 during trading on Friday, hitting $43.99. 4,203,492 shares of the company traded hands, compared to its average volume of 4,233,963. The company has a 50-day moving average of $45.30 and a 200-day moving average of $49.38. Unilever PLC has a 1 year low of $42.54 and a 1 year high of $61.81.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 16th. Stockholders of record on Friday, May 20th will be paid a dividend of $0.451 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date is Thursday, May 19th.

A number of brokerages have weighed in on UL. Societe Generale lowered Unilever from a “buy” rating to a “sell” rating in a research note on Monday, May 16th. StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. Zacks Investment Research cut Unilever from a “hold” rating to a “sell” rating in a report on Thursday, March 31st. Royal Bank of Canada upgraded Unilever from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, February 15th. Finally, Sanford C. Bernstein upgraded shares of Unilever from an “underperform” rating to a “market perform” rating in a research report on Monday, March 14th. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat.com, Unilever currently has an average rating of “Hold” and an average target price of $61.51.

About Unilever (Get Rating)

Unilever PLC operates as a fast-moving consumer goods company. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment provides skin care and hair care products, deodorants, and skin cleansing products. The Foods & Refreshment segment offers ice cream, soups, bouillons, seasonings, mayonnaise, ketchups, and tea categories.

Read More