Forvis Mazars Wealth Advisors LLC Boosts Position in Unilever PLC $UL

Forvis Mazars Wealth Advisors LLC boosted its holdings in Unilever PLC (NYSE:UL) by 8.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 5,781 shares of the company’s stock after buying an additional 471 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Unilever were worth $354,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of UL. Brighton Jones LLC raised its holdings in Unilever by 5.4% in the fourth quarter. Brighton Jones LLC now owns 10,572 shares of the company’s stock valued at $599,000 after buying an additional 539 shares during the period. GAMMA Investing LLC grew its position in Unilever by 24.0% in the first quarter. GAMMA Investing LLC now owns 13,127 shares of the company’s stock valued at $782,000 after acquiring an additional 2,544 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Unilever by 25.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 196,346 shares of the company’s stock valued at $11,692,000 after acquiring an additional 39,877 shares in the last quarter. PFG Investments LLC grew its position in Unilever by 7.1% in the first quarter. PFG Investments LLC now owns 11,286 shares of the company’s stock valued at $672,000 after acquiring an additional 753 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its position in Unilever by 0.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 87,674 shares of the company’s stock valued at $5,221,000 after acquiring an additional 731 shares in the last quarter. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Trading Down 0.3%

Shares of NYSE:UL opened at $62.93 on Tuesday. The company has a fifty day simple moving average of $61.55 and a 200 day simple moving average of $61.71. The firm has a market cap of $154.42 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 4.75 and a beta of 0.40. 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 paid a $0.5175 dividend. This represents a $2.07 dividend on an annualized basis and a dividend yield of 3.3%. This is a boost from Unilever’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, August 15th. Unilever’s payout ratio is presently 59.31%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Zacks Research downgraded shares of Unilever from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Unilever in a research report on Wednesday, October 8th. CICC Research assumed coverage on shares of Unilever in a research report on Thursday, August 21st. They issued an “outperform” rating for the company. Finally, Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a research report on Sunday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $73.00.

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.