Mirae Asset Global Investments Co. Ltd. Has $2.38 Million Stake in Unilever PLC (NYSE:UL)

Mirae Asset Global Investments Co. Ltd. grew its position in shares of Unilever PLC (NYSE:UL) by 5.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,125 shares of the company’s stock after buying an additional 2,728 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Unilever were worth $2,382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in UL. Quilter Plc acquired a new stake in Unilever in the 1st quarter worth approximately $244,998,000. Fortis Capital Advisors LLC acquired a new stake in Unilever in the 4th quarter worth approximately $26,000. Life Planning Partners Inc acquired a new stake in Unilever in the 4th quarter worth approximately $27,000. Jones Financial Companies Lllp lifted its holdings in Unilever by 111.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 552 shares of the company’s stock worth $27,000 after purchasing an additional 291 shares during the last quarter. Finally, VisionPoint Advisory Group LLC lifted its holdings in Unilever by 215.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock worth $29,000 after purchasing an additional 400 shares during the last quarter. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Stock Up 0.3 %

Shares of NYSE UL opened at $46.85 on Friday. The business’s 50 day moving average is $49.28 and its two-hundred day moving average is $48.54. Unilever PLC has a 12 month low of $46.16 and a 12 month high of $55.99.

Unilever Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, February 23rd were given a $0.4582 dividend. This represents a $1.83 annualized dividend and a yield of 3.91%. The ex-dividend date was Thursday, February 22nd.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on UL. StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a report on Saturday, April 13th. Morgan Stanley downgraded Unilever from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $52.00 to $48.00 in a research report on Tuesday, February 27th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $48.00.

Unilever Profile

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.