GAMMA Investing LLC Increases Position in Unilever PLC $UL

GAMMA Investing LLC increased its stake in shares of Unilever PLC (NYSE:UL) by 11.7% in the second quarter, HoldingsChannel reports. The firm owned 14,665 shares of the company’s stock after buying an additional 1,538 shares during the period. GAMMA Investing LLC’s holdings in Unilever were worth $897,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UL. N.E.W. Advisory Services LLC bought a new position in Unilever in the first quarter worth about $30,000. Vermillion Wealth Management Inc. purchased a new position in shares of Unilever in the 4th quarter worth approximately $30,000. Brentview Investment Management LLC purchased a new position in shares of Unilever in the 1st quarter worth approximately $33,000. Richardson Financial Services Inc. boosted its stake in Unilever by 209.0% in the first quarter. Richardson Financial Services Inc. now owns 618 shares of the company’s stock valued at $37,000 after acquiring an additional 418 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA acquired a new stake in Unilever in the second quarter valued at approximately $55,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Stock Up 0.1%

Shares of NYSE:UL opened at $60.54 on Wednesday. Unilever PLC has a 52-week low of $54.32 and a 52-week high of $65.87. The stock has a market cap of $148.55 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 3.63 and a beta of 0.40. The business has a 50-day moving average price of $61.63 and a 200-day moving average price of $61.60.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 15th were paid a dividend of $0.5175 per share. This represents a $2.07 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, August 15th. This is an increase from Unilever’s previous quarterly dividend of $0.52. Unilever’s dividend payout ratio (DPR) is 59.31%.

Analysts Set New Price Targets

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

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.