9,072 Shares in Unilever PLC $UL Bought by Pursuit Wealth Management LLC

Pursuit Wealth Management LLC purchased a new stake in Unilever PLC (NYSE:UL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,072 shares of the company’s stock, valued at approximately $593,000.

Several other large investors have also bought and sold shares of the stock. Palisade Asset Management LLC purchased a new stake in shares of Unilever in the third quarter valued at about $25,000. Global Wealth Strategies & Associates purchased a new position in Unilever during the fourth quarter worth about $29,000. Asset Dedication LLC lifted its position in shares of Unilever by 108.8% during the 3rd quarter. Asset Dedication LLC now owns 476 shares of the company’s stock worth $28,000 after buying an additional 248 shares in the last quarter. Financial Life Planners purchased a new position in shares of Unilever in the 3rd quarter worth approximately $30,000. Finally, FNY Investment Advisers LLC bought a new position in shares of Unilever in the third quarter valued at approximately $29,000. 9.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on UL shares. Weiss Ratings lowered Unilever from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, March 31st. BNP Paribas Exane set a $71.00 price objective on shares of Unilever and gave the stock a “neutral” rating in a report on Thursday, January 8th. Argus raised Unilever to a “strong-buy” rating in a report on Monday, March 2nd. Kepler Capital Markets lowered shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Unilever from a “buy” rating to a “hold” rating in a research note on Monday, February 9th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $65.55.

Unilever Price Performance

UL opened at $58.08 on Thursday. The stock’s 50 day moving average price is $65.53 and its 200-day moving average price is $66.35. Unilever PLC has a 52-week low of $54.95 and a 52-week high of $74.97.

Unilever (NYSE:UL) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.75 EPS for the quarter, missing the consensus estimate of $1.75 by ($1.00). The business had revenue of $11.87 billion for the quarter, compared to analyst estimates of $31.39 billion. As a group, sell-side analysts predict that Unilever PLC will post 3.27 earnings per share for the current fiscal year.

Unilever Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, February 27th were given a dividend of $0.5547 per share. The ex-dividend date was Friday, February 27th. This represents a $2.22 annualized dividend and a dividend yield of 3.8%.

About Unilever

Unilever PLC is a global consumer goods company with roots dating back to the early 20th century, formed from the merger of the British firm Lever Brothers and the Dutch company Margarine Unie. The company develops, manufactures and markets a broad portfolio of branded products in personal care, home care and foods and refreshments. Unilever’s corporate structure and listings reflect its long history in both the United Kingdom and the Netherlands, and it operates at scale across diverse consumer markets worldwide.

Unilever’s business is organized around major product categories—Beauty & Personal Care, Home Care and Foods & Refreshment—and includes numerous well-known consumer brands across those categories.