Ignite Planners LLC Has $622,000 Stock Position in Unilever PLC $UL

Ignite Planners LLC grew its holdings in shares of Unilever PLC (NYSE:UL) by 5.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,411 shares of the company’s stock after buying an additional 520 shares during the quarter. Ignite Planners LLC’s holdings in Unilever were worth $622,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. N.E.W. Advisory Services LLC purchased a new position in Unilever during the first quarter worth about $30,000. Brentview Investment Management LLC bought a new stake in shares of Unilever in the first quarter valued at approximately $33,000. Richardson Financial Services Inc. raised its position in shares of 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 purchasing an additional 418 shares during the period. Marshall & Sullivan Inc. WA bought a new stake in shares of Unilever in the second quarter valued at approximately $55,000. Finally, Opal Wealth Advisors LLC purchased a new position in Unilever during the first quarter valued at approximately $63,000. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. CICC Research assumed coverage on shares of Unilever in a research note on Thursday, August 21st. They set an “outperform” rating for the company. Zacks Research raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Unilever in a research note on Wednesday. Finally, Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a report on Sunday, August 3rd. Three investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Unilever currently has an average rating of “Moderate Buy” and an average price target of $73.00.

Unilever Price Performance

Shares of Unilever stock opened at $58.62 on Thursday. The company has a 50-day moving average of $61.42 and a 200 day moving average of $61.58. The firm has a market cap of $143.83 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 4.25 and a beta of 0.40. Unilever PLC has a 1 year low of $54.32 and a 1 year high of $65.66.

Unilever Increases Dividend

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

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.