Drive Wealth Management LLC Acquires 374 Shares of Unilever PLC $UL

Drive Wealth Management LLC grew its holdings in Unilever PLC (NYSE:UL) by 7.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,274 shares of the company’s stock after acquiring an additional 374 shares during the period. Drive Wealth Management LLC’s holdings in Unilever were worth $323,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. N.E.W. Advisory Services LLC bought a new position in Unilever in the 1st quarter worth $30,000. Brentview Investment Management LLC purchased a new stake in Unilever in the first quarter worth about $33,000. Richardson Financial Services Inc. increased its position in Unilever by 209.0% in the first quarter. Richardson Financial Services Inc. now owns 618 shares of the company’s stock worth $37,000 after buying an additional 418 shares in the last quarter. Financial Connections Group Inc. bought a new position in shares of Unilever in the second quarter worth about $39,000. Finally, Marshall & Sullivan Inc. WA purchased a new position in shares of Unilever during the 2nd quarter valued at about $55,000. Institutional investors own 9.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on UL. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a report on Sunday, August 3rd. Zacks Research lowered shares of Unilever from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 16th. CICC Research began coverage on shares of Unilever in a research report on Thursday, August 21st. They set an “outperform” rating on the stock. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Unilever in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Unilever has a consensus rating of “Moderate Buy” and a consensus target price of $73.00.

Unilever Stock Down 0.3%

Shares of UL stock opened at $62.93 on Tuesday. The company’s fifty day simple moving average is $61.55 and its two-hundred day simple moving average is $61.71. Unilever PLC has a 52 week low of $54.32 and a 52 week high of $65.66. The stock has a market cap of $154.42 billion, a P/E ratio of 18.03, a PEG ratio of 4.75 and a beta of 0.40.

Unilever Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 15th were paid a dividend of $0.5175 per share. The ex-dividend date of this dividend was Friday, August 15th. This is a boost from Unilever’s previous quarterly dividend of $0.52. This represents a $2.07 dividend on an annualized basis and a yield of 3.3%. Unilever’s dividend payout ratio is currently 59.31%.

Unilever Company 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.