Frank Rimerman Advisors LLC Has $286,000 Holdings in Unilever PLC (NYSE:UL)

Frank Rimerman Advisors LLC boosted its holdings in shares of Unilever PLC (NYSE:UL) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,040 shares of the company’s stock after buying an additional 212 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Unilever were worth $286,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in shares of Unilever in the fourth quarter valued at approximately $26,000. Financial Life Planners acquired a new position in shares of Unilever in the fourth quarter valued at approximately $28,000. Roxbury Financial LLC acquired a new position in shares of Unilever in the fourth quarter valued at approximately $30,000. Mainstream Capital Management LLC acquired a new position in shares of Unilever in the fourth quarter valued at approximately $31,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Unilever in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Price Performance

NYSE UL opened at $59.73 on Tuesday. The business has a fifty day moving average price of $57.04 and a two-hundred day moving average price of $59.62. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87. The stock has a market capitalization of $148.23 billion, a PE ratio of 17.12, a PEG 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. Shareholders of record on Friday, February 28th will be paid a dividend of $0.4674 per share. This represents a $1.87 annualized dividend and a yield of 3.13%. The ex-dividend date is Friday, February 28th. Unilever’s payout ratio is presently 53.01%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on UL shares. Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. DZ Bank raised Unilever from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Royal Bank of Canada downgraded Unilever from a “sector perform” rating to an “underperform” rating in a research report on Monday, January 6th. Finally, Sanford C. Bernstein raised Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Unilever has an average rating of “Moderate Buy” and an average price target of $66.33.

Unilever Company 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.