Good Steward Wealth Advisors LLC Takes Position in Unilever PLC (NYSE:UL)

Good Steward Wealth Advisors LLC purchased a new position in Unilever PLC (NYSE:UL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,316 shares of the company's stock, valued at approximately $376,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. May Hill Capital LLC acquired a new stake in shares of Unilever during the fourth quarter worth about $296,000. Auxano Advisors LLC lifted its holdings in shares of Unilever by 1.7% during the fourth quarter. Auxano Advisors LLC now owns 30,840 shares of the company's stock worth $1,749,000 after purchasing an additional 522 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in shares of Unilever by 1.5% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 655,964 shares of the company's stock worth $37,193,000 after purchasing an additional 9,528 shares during the period. Argent Trust Co lifted its holdings in Unilever by 34.2% in the fourth quarter. Argent Trust Co now owns 45,387 shares of the company's stock valued at $2,573,000 after acquiring an additional 11,555 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in Unilever in the fourth quarter valued at approximately $11,895,000. Institutional investors and hedge funds own 9.67% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on UL. BNP Paribas raised Unilever to a "strong-buy" rating in a report on Thursday, May 29th. Wall Street Zen downgraded Unilever from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. BNP Paribas Exane began coverage on Unilever in a report on Thursday, May 29th. They issued an "outperform" rating and a $73.00 price target for the company. Finally, UBS Group raised Unilever from a "strong sell" rating to a "hold" rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $70.67.

Unilever Stock Up 1.7%

Shares of Unilever stock traded up $1.06 on Monday, reaching $62.33. The company's stock had a trading volume of 2,956,658 shares, compared to its average volume of 2,475,388. The company has a market capitalization of $152.99 billion, a P/E ratio of 17.86, a PEG ratio of 3.41 and a beta of 0.43. Unilever PLC has a 52-week low of $54.32 and a 52-week high of $65.87. The stock has a 50-day moving average price of $62.98 and a 200-day moving average price of $59.56.

Unilever Increases Dividend

The firm also recently disclosed 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 of this dividend was Friday, May 16th. This is a boost from Unilever's previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.31%. Unilever's payout ratio is 59.03%.

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.