Hall Laurie J Trustee Purchases 1,875 Shares of Unilever PLC $UL

Hall Laurie J Trustee lifted its position in shares of Unilever PLC (NYSE:UL) by 3.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,690 shares of the company’s stock after acquiring an additional 1,875 shares during the quarter. Hall Laurie J Trustee’s holdings in Unilever were worth $3,223,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Forte Capital LLC ADV boosted its stake in shares of Unilever by 0.9% in the 2nd quarter. Forte Capital LLC ADV now owns 40,183 shares of the company’s stock valued at $2,458,000 after purchasing an additional 349 shares during the last quarter. Revisor Wealth Management LLC acquired a new position in shares of Unilever in the 2nd quarter valued at $280,000. GSB Wealth Management LLC grew its stake in shares of Unilever by 0.8% during the second quarter. GSB Wealth Management LLC now owns 56,447 shares of the company’s stock worth $3,453,000 after purchasing an additional 466 shares during the period. Cardinal Capital Management increased its holdings in Unilever by 2.3% in the second quarter. Cardinal Capital Management now owns 40,885 shares of the company’s stock valued at $2,501,000 after purchasing an additional 932 shares during the last quarter. Finally, Opal Wealth Advisors LLC lifted its stake in Unilever by 22.6% in the second quarter. Opal Wealth Advisors LLC now owns 1,295 shares of the company’s stock valued at $79,000 after buying an additional 239 shares during the period. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Price Performance

UL opened at $60.47 on Tuesday. The company has a market capitalization of $148.36 billion, a price-to-earnings ratio of 17.33, a P/E/G ratio of 3.68 and a beta of 0.40. The business’s 50-day moving average price is $61.62 and its two-hundred day moving average price is $61.61. Unilever PLC has a 1 year low of $54.32 and a 1 year high of $65.87.

Unilever Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 15th were given a $0.5175 dividend. This is a boost from Unilever’s previous quarterly dividend of $0.52. This represents a $2.07 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, August 15th. Unilever’s payout ratio is presently 59.31%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. BNP Paribas raised Unilever to a “strong-buy” rating in a research note on Thursday, May 29th. CICC Research began coverage on shares of Unilever in a report on Thursday, August 21st. They issued an “outperform” rating for the company. Zacks Research raised Unilever from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 17th. BNP Paribas Exane assumed coverage on Unilever in a research note on Thursday, May 29th. They issued an “outperform” rating and a $73.00 target price for the company. Finally, Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a report on Sunday, August 3rd. Three research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $73.00.

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.