Unilever PLC $UL Shares Sold by Lorne Steinberg Wealth Management Inc.

Lorne Steinberg Wealth Management Inc. lowered its holdings in shares of Unilever PLC (NYSE:UL) by 0.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 94,571 shares of the company’s stock after selling 260 shares during the period. Lorne Steinberg Wealth Management Inc.’s holdings in Unilever were worth $5,785,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of UL. Forvis Mazars Wealth Advisors LLC grew its position in shares of Unilever by 8.9% in the second quarter. Forvis Mazars Wealth Advisors LLC now owns 5,781 shares of the company’s stock valued at $354,000 after purchasing an additional 471 shares during the last quarter. Crux Wealth Advisors lifted its stake in Unilever by 49.8% in the 2nd quarter. Crux Wealth Advisors now owns 19,514 shares of the company’s stock valued at $1,194,000 after buying an additional 6,490 shares in the last quarter. TrueMark Investments LLC lifted its stake in Unilever by 18.4% in the 2nd quarter. TrueMark Investments LLC now owns 23,426 shares of the company’s stock valued at $1,433,000 after buying an additional 3,634 shares in the last quarter. William Blair Investment Management LLC grew its holdings in Unilever by 21.1% during the 2nd quarter. William Blair Investment Management LLC now owns 45,304 shares of the company’s stock valued at $2,771,000 after buying an additional 7,906 shares during the last quarter. Finally, Hamlin Capital Management LLC grew its holdings in Unilever by 0.5% during the 2nd quarter. Hamlin Capital Management LLC now owns 3,085,571 shares of the company’s stock valued at $188,744,000 after buying an additional 14,711 shares during the last quarter. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Trading Up 1.9%

Shares of NYSE:UL opened at $63.18 on Monday. The firm has a market cap of $155.03 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 4.75 and a beta of 0.40. The stock’s 50-day moving average price is $61.51 and its two-hundred day moving average price is $61.69. 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 declared 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 represents a $2.07 annualized dividend and a yield of 3.3%. 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. Unilever’s dividend payout ratio (DPR) is currently 59.31%.

Analysts Set New Price Targets

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

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.