17,088 Shares in Unilever PLC $UL Purchased by Precision Wealth Strategies LLC

Key Points

• Precision Wealth Strategies LLC purchased 17,088 shares of Unilever PLC for approximately $1,045,000 in the second quarter, reflecting growing institutional interest in the company.
• Unilever has recently increased its quarterly dividend to $0.5175 per share, yielding about 3.5%, indicating a commitment to returning value to shareholders.
• Unilever's shares opened at $58.80, with a market capitalization of $144.27 billion, and the company received an upgraded rating from Zacks Research to "strong-buy."

Precision Wealth Strategies LLC purchased a new position in Unilever PLC (NYSE:UL - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,088 shares of the company's stock, valued at approximately $1,045,000.

A number of other institutional investors also recently bought and sold shares of UL. Brighton Jones LLC raised its stake in Unilever by 5.4% in the fourth quarter. Brighton Jones LLC now owns 10,572 shares of the company's stock worth $599,000 after buying an additional 539 shares in the last quarter. GAMMA Investing LLC raised its stake in Unilever by 7,286.5% in the first quarter. GAMMA Investing LLC now owns 781,713 shares of the company's stock worth $46,551,000 after buying an additional 771,130 shares in the last quarter. Fifth Third Wealth Advisors LLC bought a new position in shares of Unilever during the first quarter valued at approximately $253,000. NBC Securities Inc. lifted its holdings in shares of Unilever by 97,350.0% during the first quarter. NBC Securities Inc. now owns 9,745 shares of the company's stock valued at $580,000 after purchasing an additional 9,735 shares during the last quarter. Finally, Merit Financial Group LLC lifted its holdings in shares of Unilever by 94.0% during the first quarter. Merit Financial Group LLC now owns 27,789 shares of the company's stock valued at $1,655,000 after purchasing an additional 13,468 shares during the last quarter. 9.67% of the stock is owned by institutional investors.

Unilever Stock Down 0.8%

Shares of UL opened at $58.80 on Thursday. The company has a market capitalization of $144.27 billion, a P/E ratio of 16.85, a price-to-earnings-growth ratio of 3.57 and a beta of 0.41. The firm has a 50 day moving average of $61.53 and a 200 day moving average of $61.59. 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. 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 dividend yield of 3.5%. This is an increase from Unilever's previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, August 15th. Unilever's payout ratio is 59.31%.

Analyst Ratings Changes

Several equities analysts have recently issued reports 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. Jefferies Financial Group reiterated an "underperform" rating on shares of Unilever in a report on Sunday, August 3rd. Finally, Zacks Research upgraded shares of Unilever from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 17th. Three analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Unilever presently has a consensus rating of "Moderate Buy" and a consensus target price 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.

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