Oakworth Capital Inc. Has $29,000 Position in Unilever PLC $UL

Oakworth Capital Inc. cut its holdings in Unilever PLC (NYSE:UL) by 28.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 473 shares of the company’s stock after selling 191 shares during the quarter. Oakworth Capital Inc.’s holdings in Unilever were worth $29,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UL. Brighton Jones LLC increased its stake in shares of Unilever by 5.4% in the fourth quarter. Brighton Jones LLC now owns 10,572 shares of the company’s stock valued at $599,000 after buying an additional 539 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Unilever by 41.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 156,469 shares of the company’s stock valued at $8,872,000 after buying an additional 45,941 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Unilever by 7,286.5% in the first quarter. GAMMA Investing LLC now owns 781,713 shares of the company’s stock valued at $46,551,000 after buying an additional 771,130 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Unilever in the first quarter valued at $253,000. Finally, Baker Tilly Wealth Management LLC increased its stake in shares of Unilever by 53.5% in the first quarter. Baker Tilly Wealth Management LLC now owns 17,589 shares of the company’s stock valued at $1,047,000 after buying an additional 6,133 shares in the last quarter. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Stock Down 0.2%

Unilever stock opened at $59.14 on Tuesday. Unilever PLC has a 12-month low of $54.32 and a 12-month high of $65.66. The stock has a market cap of $145.11 billion, a price-to-earnings ratio of 16.95, a P/E/G ratio of 3.57 and a beta of 0.40. The business’s 50-day simple moving average is $61.60 and its 200 day simple moving average is $61.63.

Unilever Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 15th were issued a dividend of $0.5175 per share. This represents a $2.07 dividend on an annualized basis and a yield of 3.5%. This is an increase from Unilever’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, August 15th. Unilever’s dividend payout ratio (DPR) is 59.31%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on UL shares. Zacks Research upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 17th. CICC Research initiated coverage on Unilever in a report on Thursday, August 21st. They issued an “outperform” rating on the stock. Finally, Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a report on Sunday, August 3rd. Three equities research 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 company. Based on data from MarketBeat.com, Unilever currently has a consensus rating of “Moderate Buy” and a consensus 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.