Dynamic Technology Lab Private Ltd Has $1.08 Million Position in Unilever PLC $UL

Key Points

• Dynamic Technology Lab Private Ltd increased its holdings in Unilever PLC by 75.2%, owning 18,122 shares valued at approximately $1.08 million as of the latest SEC filing.
• Unilever recently announced a quarterly dividend of $0.5175 per share, with a yield of 3.2%, reflecting a slight increase from the previous dividend.
• Analysts have varying ratings on Unilever, with a consensus of "Moderate Buy" and an average target price of $73.00 per share.

Dynamic Technology Lab Private Ltd boosted its holdings in Unilever PLC (NYSE:UL - Free Report) by 75.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,122 shares of the company's stock after buying an additional 7,776 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Unilever were worth $1,079,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of UL. Wellington Management Group LLP raised its holdings in Unilever by 13.9% in the first quarter. Wellington Management Group LLP now owns 28,100,442 shares of the company's stock worth $1,673,381,000 after purchasing an additional 3,421,054 shares during the period. GAMMA Investing LLC raised its holdings 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 purchasing an additional 771,130 shares during the period. Clark Capital Management Group Inc. acquired a new stake in Unilever in the first quarter worth $45,413,000. BNP Paribas Financial Markets raised its holdings in Unilever by 764.5% in the first quarter. BNP Paribas Financial Markets now owns 775,561 shares of the company's stock worth $46,185,000 after purchasing an additional 685,848 shares during the period. Finally, Factory Mutual Insurance Co. acquired a new stake in Unilever in the first quarter worth $34,533,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Stock Down 1.1%

Shares of UL stock opened at $64.26 on Monday. The firm has a fifty day moving average of $61.37 and a 200-day moving average of $61.21. Unilever PLC has a 12-month low of $54.32 and a 12-month high of $65.87. The company has a market capitalization of $157.68 billion, a price-to-earnings ratio of 18.41, a P/E/G ratio of 3.98 and a beta of 0.40.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 15th will be given a dividend of $0.5175 per share. This is a positive change from Unilever's previous quarterly dividend of $0.52. This represents a $2.07 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, August 15th. Unilever's payout ratio is currently 59.31%.

Analyst Ratings Changes

UL has been the topic of several analyst reports. Jefferies Financial Group reiterated an "underperform" rating on shares of Unilever in a report on Sunday, August 3rd. BNP Paribas upgraded shares of Unilever to a "strong-buy" rating in a report on Thursday, May 29th. CICC Research assumed coverage on shares of Unilever in a report on Thursday, August 21st. They issued an "outperform" rating on the stock. Finally, BNP Paribas Exane assumed coverage on shares of Unilever in a research report on Thursday, May 29th. They set an "outperform" rating and a $73.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $73.00.

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.

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