Game Plan Financial Advisors LLC Invests $1.86 Million in Unilever PLC $UL

Key Points

• Game Plan Financial Advisors LLC has acquired 31,152 shares of Unilever PLC, valued at approximately $1,855,000, marking a new position for the firm in the first quarter.
• Unilever recently announced a quarterly dividend increase to $0.5175 per share, representing an annualized dividend of $2.07 and a yield of 3.2%.
• Analysts have varying ratings for Unilever, with an average rating of “Moderate Buy” and a price target of $73.00, signaling potential growth in its stock value.

Game Plan Financial Advisors LLC acquired a new stake in shares of Unilever PLC (NYSE:UL - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 31,152 shares of the company's stock, valued at approximately $1,855,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UL. Wellington Management Group LLP increased its position in 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. GAMMA Investing LLC increased its holdings in shares of Unilever by 7,286.5% in the 1st 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 in the last quarter. Clark Capital Management Group Inc. bought a new stake in shares of Unilever in the 1st quarter worth $45,413,000. BNP Paribas Financial Markets increased its holdings in shares of Unilever by 764.5% in the 1st 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 in the last quarter. Finally, Factory Mutual Insurance Co. bought a new stake in shares of Unilever in the 1st quarter worth $34,533,000. Institutional investors own 9.67% of the company's stock.

Analyst Ratings Changes

UL has been the subject of a number of research analyst reports. Jefferies Financial Group reissued an "underperform" rating on shares of Unilever in a report on Sunday, August 3rd. CICC Research initiated coverage on Unilever in a report on Thursday, August 21st. They issued an "outperform" rating for the company. BNP Paribas raised Unilever to a "strong-buy" rating in a report on Thursday, May 29th. Finally, BNP Paribas Exane initiated coverage on Unilever in a report on Thursday, May 29th. They issued an "outperform" rating and a $73.00 target price for the company. Two 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 issued a Sell rating to the company. According to data from MarketBeat.com, Unilever currently has a consensus rating of "Moderate Buy" and an average target price of $73.00.

Unilever Price Performance

Shares of UL traded down $0.60 during trading hours on Friday, hitting $62.90. The stock had a trading volume of 2,489,102 shares, compared to its average volume of 2,500,022. Unilever PLC has a 12 month low of $54.32 and a 12 month high of $65.87. The firm has a market capitalization of $154.32 billion, a PE ratio of 18.02, a PEG ratio of 3.86 and a beta of 0.40. The stock has a fifty day moving average price of $61.52 and a 200 day moving average price of $61.34.

Unilever Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 15th will be given a dividend of $0.5175 per share. This represents a $2.07 annualized dividend and a yield of 3.3%. This is a boost from Unilever's previous quarterly dividend of $0.52. The ex-dividend date is Friday, August 15th. Unilever's dividend payout ratio (DPR) is presently 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.