Corient IA LLC Acquires Shares of 10,000 Unilever PLC (NYSE:UL)

Corient IA LLC acquired a new stake in shares of Unilever PLC (NYSE:UL) in the first quarter, HoldingsChannel.com reports. The firm acquired 10,000 shares of the company’s stock, valued at approximately $596,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UL. Mission Wealth Management LP raised its holdings in shares of Unilever by 1.4% in the first quarter. Mission Wealth Management LP now owns 11,497 shares of the company’s stock valued at $685,000 after buying an additional 159 shares during the last quarter. Essex Financial Services Inc. raised its holdings in shares of Unilever by 1.0% in the first quarter. Essex Financial Services Inc. now owns 16,246 shares of the company’s stock valued at $967,000 after buying an additional 168 shares during the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of Unilever by 0.8% in the first quarter. SBI Securities Co. Ltd. now owns 21,492 shares of the company’s stock valued at $1,280,000 after buying an additional 172 shares during the last quarter. Cardinal Capital Management raised its holdings in shares of Unilever by 0.4% in the first quarter. Cardinal Capital Management now owns 39,953 shares of the company’s stock valued at $2,379,000 after buying an additional 176 shares during the last quarter. Finally, Trust Co. of Vermont raised its holdings in shares of Unilever by 0.5% in the first quarter. Trust Co. of Vermont now owns 35,729 shares of the company’s stock valued at $2,128,000 after buying an additional 181 shares during the last quarter. 9.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on UL. UBS Group raised Unilever from a “strong sell” rating to a “hold” rating in a report on Friday, May 2nd. BNP Paribas Exane began coverage on Unilever in a report on Thursday, May 29th. They issued an “outperform” rating and a $73.00 price target for the company. BNP Paribas raised Unilever to a “strong-buy” rating in a report on Thursday, May 29th. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a report on Sunday, August 3rd. Finally, Wall Street Zen cut Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, May 6th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $72.50.

Unilever Trading Down 1.1%

Shares of NYSE:UL opened at $60.98 on Friday. The stock 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 PLC has a 1-year low of $54.32 and a 1-year high of $65.87. The business has a 50-day moving average price of $61.11 and a two-hundred day moving average price of $60.56.

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. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.07 annualized dividend and a yield of 3.4%. This is an increase from Unilever’s previous quarterly dividend of $0.52. Unilever’s dividend payout ratio (DPR) is presently 59.03%.

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.