3,366 Shares in Unilever PLC (NYSE:UL) Acquired by Foyston Gordon & Payne Inc

Foyston Gordon & Payne Inc acquired a new stake in shares of Unilever PLC (NYSE:UL) in the first quarter, HoldingsChannel.com reports. The fund acquired 3,366 shares of the company’s stock, valued at approximately $200,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. N.E.W. Advisory Services LLC purchased a new position in shares of Unilever in the first quarter valued at $30,000. Vermillion Wealth Management Inc. bought a new position in Unilever during the fourth quarter valued at $30,000. Brentview Investment Management LLC purchased a new position in shares of Unilever in the 1st quarter worth $33,000. Richardson Financial Services Inc. increased its holdings in shares of Unilever by 209.0% in the 1st quarter. Richardson Financial Services Inc. now owns 618 shares of the company’s stock worth $37,000 after buying an additional 418 shares during the last quarter. Finally, Accredited Wealth Management LLC purchased a new stake in shares of Unilever during the 4th quarter valued at about $43,000. Institutional investors own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on UL shares. Wall Street Zen cut Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. BNP Paribas raised Unilever to a “strong-buy” rating in a research report on Thursday, May 29th. UBS Group upgraded Unilever from a “strong sell” rating to a “hold” rating in a report on Friday, May 2nd. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a research report on Sunday, August 3rd. Finally, BNP Paribas Exane assumed coverage on shares of Unilever in a research note on Thursday, May 29th. They issued an “outperform” rating and a $73.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.50.

Unilever Trading Down 1.1%

Shares of UL opened at $60.98 on Friday. Unilever PLC has a 12-month low of $54.32 and a 12-month high of $65.87. The firm has a fifty day moving average price of $61.11 and a 200-day moving average price of $60.56. The firm has a market capitalization of $149.62 billion, a P/E ratio of 17.47, a P/E/G ratio of 3.77 and a beta of 0.38.

Unilever Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.5175 per share. This represents a $2.07 annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, August 15th. This is an increase from Unilever’s previous quarterly dividend of $0.52. Unilever’s dividend payout ratio (DPR) is 59.03%.

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.