RWA Wealth Partners LLC Buys New Stake in Unilever PLC $UL

RWA Wealth Partners LLC bought a new stake in Unilever PLC (NYSE:UL) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,023 shares of the company’s stock, valued at approximately $240,000.

Several other large investors have also recently bought and sold shares of UL. Vermillion Wealth Management Inc. purchased a new position in Unilever in the fourth quarter valued at $30,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Unilever during the 1st quarter worth approximately $30,000. Brentview Investment Management LLC purchased a new stake in shares of Unilever during the 1st quarter worth approximately $33,000. Richardson Financial Services Inc. lifted its position in shares of Unilever by 209.0% during 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 worth approximately $43,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Unilever Price Performance

NYSE:UL opened at $63.4850 on Thursday. The firm’s fifty day moving average price is $61.07 and its 200 day moving average price is $60.63. Unilever PLC has a 1-year low of $54.32 and a 1-year high of $65.87. The firm has a market cap of $155.77 billion, a price-to-earnings ratio of 18.19, a price-to-earnings-growth ratio of 3.83 and a beta of 0.38.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.5175 per share. This is a positive change from Unilever’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.07 dividend on an annualized basis and a dividend yield of 3.3%. Unilever’s dividend payout ratio (DPR) is currently 59.31%.

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.