Venturi Wealth Management LLC Takes $220,000 Position in Unilever PLC $UL

Venturi Wealth Management LLC bought a new position in shares of Unilever PLC (NYSE:ULFree Report) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 3,597 shares of the company’s stock, valued at approximately $220,000.

A number of other hedge funds also recently modified their holdings of the stock. N.E.W. Advisory Services LLC purchased a new position in shares of Unilever during the 1st quarter valued at $30,000. Brentview Investment Management LLC bought a new stake in Unilever in the first quarter worth $33,000. Richardson Financial Services Inc. raised its stake in shares of Unilever by 209.0% during 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 during the last quarter. Marshall & Sullivan Inc. WA bought a new position in shares of Unilever during the second quarter valued at about $55,000. Finally, Opal Wealth Advisors LLC bought a new position in shares of Unilever during the first quarter valued at about $63,000. Institutional investors own 9.67% of the company’s stock.

Unilever Trading Up 2.6%

Shares of UL opened at $60.47 on Friday. The firm has a market capitalization of $148.36 billion, a P/E ratio of 17.33, a P/E/G ratio of 4.53 and a beta of 0.40. The firm has a 50-day moving average price of $61.44 and a 200 day moving average price of $61.63. Unilever PLC has a 12-month low of $54.32 and a 12-month high of $65.66.

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 issued a dividend of $0.5175 per share. The ex-dividend date of this dividend was Friday, August 15th. This is an increase from Unilever’s previous quarterly dividend of $0.52. This represents a $2.07 dividend on an annualized basis and a yield of 3.4%. Unilever’s dividend payout ratio is 59.31%.

Wall Street Analyst Weigh In

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

View Our Latest Stock Analysis on UL

Unilever Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Unilever (NYSE:UL)

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