Aigen Investment Management LP Makes New $1.13 Million Investment in Unilever PLC (NYSE:UL)

Aigen Investment Management LP purchased a new position in Unilever PLC (NYSE:UL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 19,839 shares of the company’s stock, valued at approximately $1,125,000.

A number of other large investors also recently bought and sold shares of UL. Golden State Wealth Management LLC purchased a new position in Unilever during the 4th quarter valued at about $26,000. Financial Life Planners purchased a new position in Unilever during the 4th quarter valued at about $28,000. Roxbury Financial LLC purchased a new position in Unilever during the 4th quarter valued at about $30,000. Mainstream Capital Management LLC purchased a new position in Unilever during the 4th quarter valued at about $31,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in Unilever during the 4th quarter valued at about $36,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Stock Up 0.6 %

Shares of UL stock opened at $58.38 on Thursday. The company has a 50 day moving average price of $56.64 and a 200-day moving average price of $59.86. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87. The firm has a market capitalization of $144.85 billion, a PE ratio of 16.73, a P/E/G ratio of 1.60 and a beta of 0.47.

Unilever Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a dividend of $0.4674 per share. The ex-dividend date is Friday, February 28th. This represents a $1.87 annualized dividend and a yield of 3.20%. Unilever’s dividend payout ratio (DPR) is 53.01%.

Analysts Set New Price Targets

A number of research firms have weighed in on UL. Sanford C. Bernstein upgraded shares of Unilever from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Royal Bank of Canada lowered shares of Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. Erste Group Bank restated a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Finally, DZ Bank upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $66.33.

About Unilever

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.