Precision Wealth Strategies LLC Makes New $1.05 Million Investment in Unilever PLC $UL

Precision Wealth Strategies LLC bought a new position in Unilever PLC (NYSE:UL) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 17,088 shares of the company’s stock, valued at approximately $1,045,000.

Other large investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its position in Unilever by 33.2% in the 1st quarter. Bank of New York Mellon Corp now owns 934,804 shares of the company’s stock worth $55,668,000 after purchasing an additional 232,945 shares during the period. Wellington Management Group LLP boosted its stake in shares of Unilever by 13.9% during the 1st quarter. Wellington Management Group LLP now owns 28,100,442 shares of the company’s stock worth $1,673,381,000 after acquiring an additional 3,421,054 shares during the last quarter. Stonegate Investment Group LLC boosted its stake in shares of Unilever by 69.7% during the 1st quarter. Stonegate Investment Group LLC now owns 14,282 shares of the company’s stock worth $850,000 after acquiring an additional 5,867 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Unilever by 65.1% during the 1st quarter. Russell Investments Group Ltd. now owns 232,096 shares of the company’s stock worth $13,821,000 after acquiring an additional 91,511 shares during the last quarter. Finally, Banco Santander S.A. boosted its stake in shares of Unilever by 70.6% during the 1st quarter. Banco Santander S.A. now owns 15,030 shares of the company’s stock worth $895,000 after acquiring an additional 6,220 shares during the last quarter. Institutional investors own 9.67% of the company’s stock.

Unilever Stock Performance

UL opened at $58.80 on Thursday. Unilever PLC has a fifty-two week low of $54.32 and a fifty-two week high of $65.66. The firm’s fifty day moving average is $61.53 and its 200 day moving average is $61.59. The stock has a market cap of $144.27 billion, a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 3.57 and a beta of 0.41.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 15th were 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 was Friday, August 15th. This represents a $2.07 dividend on an annualized basis and a dividend yield of 3.5%. Unilever’s dividend payout ratio is presently 59.31%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on UL shares. Zacks Research upgraded shares of Unilever from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 17th. CICC Research started coverage on shares of Unilever in a research note on Thursday, August 21st. They set an “outperform” rating on the stock. Finally, Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a research note on Sunday, August 3rd. Three research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

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.