LRI Investments LLC Has $54,000 Position in Unilever PLC $UL

LRI Investments LLC lowered its stake in Unilever PLC (NYSE:UL) by 22.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 884 shares of the company’s stock after selling 261 shares during the period. LRI Investments LLC’s holdings in Unilever were worth $54,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. CWM LLC increased its holdings in shares of Unilever by 2.1% in the second quarter. CWM LLC now owns 114,396 shares of the company’s stock valued at $6,998,000 after purchasing an additional 2,373 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Unilever by 22.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 96,568 shares of the company’s stock valued at $5,908,000 after purchasing an additional 17,667 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of Unilever by 3.8% in the second quarter. Concurrent Investment Advisors LLC now owns 53,126 shares of the company’s stock valued at $3,250,000 after purchasing an additional 1,958 shares in the last quarter. GFS Advisors LLC acquired a new stake in Unilever during the 2nd quarter worth $8,237,000. Finally, Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in Unilever during the 2nd quarter worth $465,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on UL shares. CICC Research started coverage on shares of Unilever in a report on Thursday, August 21st. They set an “outperform” rating for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Unilever in a report on Wednesday, October 8th. Zacks Research raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 17th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a report on Sunday, August 3rd. Three analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.00.

Unilever Stock Down 0.5%

Shares of NYSE UL opened at $60.11 on Tuesday. The company’s fifty day moving average is $61.43 and its 200-day moving average is $61.65. The stock has a market cap of $147.49 billion, a price-to-earnings ratio of 17.22, a P/E/G ratio of 4.53 and a beta of 0.40. Unilever PLC has a twelve month low of $54.32 and a twelve month high of $65.66.

Unilever Increases Dividend

The company also recently declared 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 positive change from Unilever’s previous quarterly dividend of $0.52. This represents a $2.07 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, August 15th. Unilever’s payout ratio is 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.