Golden State Wealth Management LLC Boosts Stock Position in Unilever PLC (NYSE:UL)

Golden State Wealth Management LLC lifted its stake in Unilever PLC (NYSE:UL - Free Report) by 1,105.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,426 shares of the company's stock after buying an additional 4,976 shares during the quarter. Golden State Wealth Management LLC's holdings in Unilever were worth $323,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of UL. VSM Wealth Advisory LLC acquired a new position in Unilever in the 4th quarter worth about $28,000. Vermillion Wealth Management Inc. acquired a new position in Unilever in the 4th quarter worth about $30,000. Mainstream Capital Management LLC acquired a new position in Unilever in the 4th quarter worth about $31,000. Murphy & Mullick Capital Management Corp acquired a new position in Unilever in the 4th quarter worth about $39,000. Finally, Accredited Wealth Management LLC acquired a new position in Unilever in the 4th quarter worth about $43,000. Hedge funds and other institutional investors own 9.67% of the company's stock.

Unilever Stock Up 0.4%

Shares of Unilever stock traded up $0.24 during mid-day trading on Friday, reaching $60.92. 1,982,271 shares of the stock traded hands, compared to its average volume of 2,493,321. The business has a 50-day moving average of $62.84 and a 200 day moving average of $59.62. The stock has a market capitalization of $149.54 billion, a PE ratio of 17.46, a PEG ratio of 3.37 and a beta of 0.43. Unilever PLC has a fifty-two week low of $54.32 and a fifty-two week high of $65.87.

Unilever Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 16th were given a $0.5151 dividend. The ex-dividend date was Friday, May 16th. This is a positive change from Unilever's previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.38%. Unilever's dividend payout ratio is 59.03%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Wall Street Zen cut Unilever from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. BNP Paribas Exane initiated coverage on Unilever in a report on Thursday, May 29th. They set an "outperform" rating and a $73.00 target price for the company. BNP Paribas raised Unilever to a "strong-buy" rating in a report on Thursday, May 29th. Finally, UBS Group raised Unilever from a "strong sell" rating to a "hold" rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $70.67.

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.