GC Wealth Management RIA LLC Buys New Shares in Unilever PLC $UL

Key Points

• GC Wealth Management RIA LLC has acquired a new stake in Unilever PLC, purchasing 7,322 shares valued at approximately $448,000 during the second quarter.
• Unilever recently increased its quarterly dividend to $0.5175 per share, resulting in an annualized dividend of $2.07 and a yield of 3.5%.
• The stock currently has a consensus rating of "Moderate Buy" from analysts, with a price target of $73.00.

GC Wealth Management RIA LLC bought a new stake in Unilever PLC (NYSE:UL - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,322 shares of the company's stock, valued at approximately $448,000.

Other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its stake in Unilever by 33.2% in the first quarter. Bank of New York Mellon Corp now owns 934,804 shares of the company's stock valued at $55,668,000 after acquiring an additional 232,945 shares during the last quarter. Wellington Management Group LLP lifted its stake 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 last quarter. Stonegate Investment Group LLC lifted its stake in Unilever by 69.7% in the first quarter. Stonegate Investment Group LLC now owns 14,282 shares of the company's stock worth $850,000 after purchasing an additional 5,867 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Unilever by 65.1% in the first quarter. Russell Investments Group Ltd. now owns 232,096 shares of the company's stock worth $13,821,000 after purchasing an additional 91,511 shares during the last quarter. Finally, Banco Santander S.A. lifted its stake in Unilever by 70.6% in the first quarter. Banco Santander S.A. now owns 15,030 shares of the company's stock worth $895,000 after purchasing an additional 6,220 shares during the last quarter. Institutional investors own 9.67% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on UL shares. CICC Research started coverage on shares of Unilever in a research note on Thursday, August 21st. They issued an "outperform" rating for the company. Jefferies Financial Group reissued an "underperform" rating on shares of Unilever in a research note 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 given a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $73.00.

Unilever Price Performance

Shares of UL opened at $59.26 on Wednesday. Unilever PLC has a one year low of $54.32 and a one year high of $65.66. The company has a 50-day simple moving average of $61.57 and a two-hundred day simple moving average of $61.61. The firm has a market capitalization of $145.40 billion, a PE ratio of 16.98, a price-to-earnings-growth ratio of 3.56 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 paid 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 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Unilever's payout ratio is 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.

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