Baker Tilly Wealth Management LLC Acquires 6,133 Shares of Unilever PLC (NYSE:UL)

Baker Tilly Wealth Management LLC lifted its position in Unilever PLC (NYSE:UL - Free Report) by 53.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,589 shares of the company's stock after acquiring an additional 6,133 shares during the period. Baker Tilly Wealth Management LLC's holdings in Unilever were worth $1,047,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fifth Third Wealth Advisors LLC bought a new position in shares of Unilever in the 1st quarter worth about $253,000. Fulcrum Capital LLC boosted its holdings in Unilever by 12.1% in the first quarter. Fulcrum Capital LLC now owns 6,258 shares of the company's stock worth $373,000 after acquiring an additional 673 shares in the last quarter. BTC Capital Management Inc. grew its stake in shares of Unilever by 7.6% in the first quarter. BTC Capital Management Inc. now owns 40,837 shares of the company's stock worth $2,432,000 after acquiring an additional 2,879 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Unilever by 8.0% during the first quarter. Parallel Advisors LLC now owns 25,125 shares of the company's stock valued at $1,496,000 after acquiring an additional 1,864 shares in the last quarter. Finally, GoalVest Advisory LLC raised its position in shares of Unilever by 20.7% in the 1st quarter. GoalVest Advisory LLC now owns 22,515 shares of the company's stock worth $1,341,000 after purchasing an additional 3,865 shares during the last quarter. 9.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. DZ Bank raised Unilever from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Wall Street Zen downgraded shares of Unilever from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. BNP Paribas Exane began coverage on shares of Unilever in a report on Thursday, May 29th. They set an "outperform" rating and a $73.00 target price for the company. BNP Paribas upgraded shares of Unilever to a "strong-buy" rating in a research note on Thursday, May 29th. Finally, UBS Group raised Unilever from a "strong sell" rating to a "hold" rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Unilever has an average rating of "Moderate Buy" and an average target price of $70.67.

Unilever Stock Down 1.0%

UL stock traded down $0.64 during midday trading on Tuesday, hitting $62.77. The company's stock had a trading volume of 2,553,313 shares, compared to its average volume of 2,506,052. Unilever PLC has a 12 month low of $54.32 and a 12 month high of $65.87. The company has a 50 day moving average of $62.11 and a two-hundred day moving average of $59.17. The firm has a market capitalization of $154.27 billion, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 1.60 and a beta of 0.44.

Unilever Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 16th will be paid a dividend of $0.5151 per share. This represents a $2.06 annualized dividend and a yield of 3.28%. This is a boost from Unilever's previous quarterly dividend of $0.47. The ex-dividend date is Friday, May 16th. Unilever's dividend payout ratio (DPR) is presently 59.03%.

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.