Capital Advisors Inc. OK Acquires 26,188 Shares of Unilever PLC $UL

Key Points

• Capital Advisors Inc. increased its holdings in Unilever PLC by 4.2%, acquiring an additional 26,188 shares to reach a total of 650,314 shares, valued at approximately $39.78 million.
• Unilever recently announced a quarterly dividend of $0.5175, up from $0.52, providing an annualized yield of 3.5% as of its latest filing.
• Institutional investors currently hold 9.67% of Unilever's stock, and analysts have a consensus rating of "Moderate Buy" for the company, with an average price target of $73.00.

Capital Advisors Inc. OK grew its holdings in shares of Unilever PLC (NYSE:UL - Free Report) by 4.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 650,314 shares of the company's stock after buying an additional 26,188 shares during the period. Capital Advisors Inc. OK's holdings in Unilever were worth $39,780,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Wellington Management Group LLP boosted its holdings in shares of Unilever by 13.9% during the 1st quarter. Wellington Management Group LLP now owns 28,100,442 shares of the company's stock valued at $1,673,381,000 after buying an additional 3,421,054 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Unilever by 2.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 3,925,891 shares of the company's stock valued at $233,787,000 after buying an additional 95,359 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of Unilever by 7.1% in the 1st quarter. Raymond James Financial Inc. now owns 3,340,231 shares of the company's stock worth $198,911,000 after purchasing an additional 221,958 shares during the last quarter. Hamlin Capital Management LLC raised its position in shares of Unilever by 6.8% in the 1st quarter. Hamlin Capital Management LLC now owns 3,070,860 shares of the company's stock worth $182,870,000 after purchasing an additional 195,931 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Unilever by 4.3% in the 1st quarter. Northern Trust Corp now owns 2,260,133 shares of the company's stock worth $134,591,000 after purchasing an additional 93,677 shares during the last quarter. Institutional investors own 9.67% of the company's stock.

Unilever Stock Performance

Shares of NYSE:UL opened at $59.04 on Monday. Unilever PLC has a fifty-two week low of $54.32 and a fifty-two week high of $65.66. The business has a 50-day simple moving average of $61.46 and a two-hundred day simple moving average of $61.62. The firm has a market cap of $144.85 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 3.55 and a beta of 0.40.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 15th were given a $0.5175 dividend. 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. This represents a $2.07 dividend on an annualized basis and a yield of 3.5%. Unilever's payout ratio is presently 59.31%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Unilever in a research report on Saturday, September 27th. Jefferies Financial Group reaffirmed an "underperform" rating on shares of Unilever in a research report on Sunday, August 3rd. Zacks Research raised Unilever from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 17th. Finally, CICC Research assumed coverage on Unilever in a research report on Thursday, August 21st. They issued an "outperform" rating for the company. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Unilever has a consensus rating of "Moderate Buy" and an average price target 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.

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