Keudell Morrison Wealth Management Has $275,000 Stake in Unilever PLC $UL

Keudell Morrison Wealth Management grew its position in shares of Unilever PLC (NYSE:UL) by 6.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,499 shares of the company’s stock after buying an additional 280 shares during the quarter. Keudell Morrison Wealth Management’s holdings in Unilever were worth $275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its holdings in Unilever by 5.4% in the 4th quarter. Brighton Jones LLC now owns 10,572 shares of the company’s stock worth $599,000 after purchasing an additional 539 shares during the last quarter. Merit Financial Group LLC lifted its holdings in Unilever by 94.0% in the 1st quarter. Merit Financial Group LLC now owns 27,789 shares of the company’s stock worth $1,655,000 after purchasing an additional 13,468 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in Unilever by 37.3% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 16,265 shares of the company’s stock worth $969,000 after purchasing an additional 4,417 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in Unilever by 4.1% in the 1st quarter. Sivia Capital Partners LLC now owns 8,189 shares of the company’s stock worth $488,000 after purchasing an additional 319 shares during the last quarter. Finally, Clean Yield Group lifted its holdings in Unilever by 0.7% in the 1st quarter. Clean Yield Group now owns 145,458 shares of the company’s stock worth $8,662,000 after purchasing an additional 955 shares during the last quarter. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UL has been the subject of several analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Unilever in a report on Saturday, September 27th. CICC Research assumed coverage on Unilever in a research report on Thursday, August 21st. They issued an “outperform” rating on the stock. Zacks Research raised Unilever from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 17th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a research report on Sunday, August 3rd. Three analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Unilever presently has an average rating of “Moderate Buy” and a consensus price target of $73.00.

Unilever Trading Up 0.2%

UL opened at $59.04 on Friday. The stock has a market cap of $144.85 billion, a PE ratio of 16.92, a P/E/G ratio of 3.55 and a beta of 0.40. Unilever PLC has a 1 year low of $54.32 and a 1 year high of $65.66. The stock’s 50 day simple moving average is $61.46 and its 200-day simple moving average is $61.61.

Unilever Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 15th were given a dividend of $0.5175 per share. 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 3.5%. The ex-dividend date was Friday, August 15th. Unilever’s dividend payout ratio (DPR) is presently 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.