Sheaff Brock Investment Advisors LLC Acquires New Holdings in Unilever N.V. (UL)

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Sheaff Brock Investment Advisors LLC acquired a new position in Unilever N.V. (NYSE:UL) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,699 shares of the company’s stock, valued at approximately $213,000.

Several other hedge funds also recently modified their holdings of UL. Highwater Wealth Management LLC acquired a new position in shares of Unilever in the 4th quarter worth approximately $29,000. CNB Bank acquired a new position in shares of Unilever in the 4th quarter worth approximately $30,000. Lindbrook Capital LLC acquired a new stake in Unilever during the 4th quarter worth approximately $31,000. Pinnacle Bank acquired a new stake in Unilever during the 4th quarter worth approximately $32,000. Finally, Sontag Advisory LLC acquired a new stake in Unilever during the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 6.43% of the company’s stock.

A number of research firms have issued reports on UL. Credit Suisse Group upgraded shares of Unilever from a “neutral” rating to an “outperform” rating in a report on Friday. DZ Bank lowered shares of Unilever from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Zacks Investment Research upgraded shares of Unilever from a “hold” rating to a “strong-buy” rating and set a $66.00 target price on the stock in a report on Friday, March 22nd. Exane BNP Paribas lowered shares of Unilever from an “outperform” rating to a “neutral” rating in a report on Wednesday, February 27th. Finally, BNP Paribas lowered shares of Unilever from an “outperform” rating to a “neutral” rating in a report on Wednesday, February 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $66.00.

Unilever stock opened at $59.80 on Friday. The company has a market cap of $71.05 billion, a price-to-earnings ratio of 21.59, a price-to-earnings-growth ratio of 3.31 and a beta of 0.64. Unilever N.V. has a 52-week low of $50.80 and a 52-week high of $61.08.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Friday, May 3rd will be issued a dividend of $0.4641 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This is a positive change from Unilever’s previous quarterly dividend of $0.44. This represents a $1.86 dividend on an annualized basis and a yield of 3.10%. Unilever’s dividend payout ratio is 63.18%.

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Unilever Profile

Unilever PLC operates in the fast moving consumer goods industry worldwide. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products primarily under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.

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Institutional Ownership by Quarter for Unilever (NYSE:UL)

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