MGO One Seven LLC Has $2.25 Million Position in Unilever PLC $UL

MGO One Seven LLC reduced its holdings in shares of Unilever PLC (NYSE:UL) by 2.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,695 shares of the company’s stock after selling 767 shares during the period. MGO One Seven LLC’s holdings in Unilever were worth $2,245,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of UL. Wellington Management Group LLP lifted its position 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 valued at $1,673,381,000 after acquiring an additional 3,421,054 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Unilever by 2.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 3,925,891 shares of the company’s stock valued at $233,787,000 after acquiring an additional 95,359 shares during the period. Raymond James Financial Inc. lifted its position in shares of Unilever by 7.1% during the 1st quarter. Raymond James Financial Inc. now owns 3,340,231 shares of the company’s stock valued at $198,911,000 after acquiring an additional 221,958 shares during the period. Hamlin Capital Management LLC lifted its position in shares of Unilever by 6.8% during the 1st quarter. Hamlin Capital Management LLC now owns 3,070,860 shares of the company’s stock valued at $182,870,000 after acquiring an additional 195,931 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Unilever by 4.3% in the 1st quarter. Northern Trust Corp now owns 2,260,133 shares of the company’s stock valued at $134,591,000 after buying an additional 93,677 shares during the period. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UL has been the subject of several research reports. Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a research note on Sunday, August 3rd. Zacks Research upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 17th. CICC Research initiated coverage on Unilever in a research note on Thursday, August 21st. They issued an “outperform” rating for the company. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Unilever in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Unilever presently has an average rating of “Moderate Buy” and a consensus price target of $73.00.

Unilever Stock Performance

UL stock opened at $61.00 on Wednesday. The company has a market capitalization of $149.68 billion, a P/E ratio of 17.48, a price-to-earnings-growth ratio of 4.50 and a beta of 0.40. Unilever PLC has a 52-week low of $54.32 and a 52-week high of $65.66. The business has a 50-day simple moving average of $61.45 and a two-hundred day simple moving average of $61.65.

Unilever Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 15th were paid a dividend of $0.5175 per share. This is an increase 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 yield of 3.4%. 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.