Neuberger Berman Group LLC Raises Stock Position in Unilever PLC (NYSE:UL)

Posted by on Jun 8th, 2023

Neuberger Berman Group LLC increased its stake in Unilever PLC (NYSE:UL – Get Rating) by 8.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 320,205 shares of the company’s stock after acquiring an additional 25,161 shares during the quarter. Neuberger Berman Group LLC’s holdings in Unilever were worth $16,140,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. New Hampshire Trust purchased a new stake in shares of Unilever during the fourth quarter worth $27,000. MinichMacGregor Wealth Management LLC purchased a new stake in shares of Unilever during the fourth quarter worth $29,000. Godsey & Gibb Inc. purchased a new stake in shares of Unilever during the fourth quarter worth $30,000. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Unilever during the fourth quarter worth $31,000. Finally, Covestor Ltd grew its holdings in shares of Unilever by 204.6% during the first quarter. Covestor Ltd now owns 667 shares of the company’s stock worth $30,000 after buying an additional 448 shares in the last quarter. Hedge funds and other institutional investors own 10.06% of the company’s stock.

Unilever Price Performance

Shares of UL opened at $49.93 on Thursday. Unilever PLC has a 12-month low of $42.44 and a 12-month high of $55.99. The firm has a 50-day moving average price of $53.25 and a 200 day moving average price of $51.44.

Unilever Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Friday, May 19th will be issued a $0.4569 dividend. This represents a $1.83 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend is Thursday, May 18th.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Unilever from a “strong-buy” rating to a “buy” rating in a report on Friday, May 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $46.00.

About Unilever

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Unilever Plc engages in the manufacture and sale of consumer goods. It operates through the following segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment offers hair care, skin care, and prestige beauty and health & wellbeing. The Personal Care segment consists of sales of skin cleansing, deodorant, and oral care products.

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Institutional Ownership by Quarter for Unilever (NYSE:UL)

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