Northside Capital Management LLC Takes $1.94 Million Position in Unilever PLC $UL

Key Points

• Northside Capital Management LLC has acquired a new stake in Unilever PLC, investing approximately $1.94 million for 31,715 shares in the second quarter.
• Unilever recently declared an increased quarterly dividend of $0.5175 per share, reflecting an annual yield of 3.4% and a dividend payout ratio of 59.31%.
• Analysts have given Unilever a consensus rating of "Moderate Buy", with a target price of $73.00, indicating potential for stock appreciation.

Northside Capital Management LLC bought a new stake in Unilever PLC (NYSE:UL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 31,715 shares of the company's stock, valued at approximately $1,940,000.

Other large investors also recently made changes to their positions in the company. N.E.W. Advisory Services LLC acquired a new stake in shares of Unilever in the 1st quarter valued at about $30,000. Vermillion Wealth Management Inc. bought a new position in Unilever in the 4th quarter valued at about $30,000. Brentview Investment Management LLC bought a new position in Unilever in the 1st quarter valued at about $33,000. Richardson Financial Services Inc. lifted its position in Unilever by 209.0% in the 1st quarter. Richardson Financial Services Inc. now owns 618 shares of the company's stock valued at $37,000 after acquiring an additional 418 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA bought a new position in Unilever in the 2nd quarter valued at about $55,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Stock Up 0.1%

Unilever stock opened at $60.54 on Wednesday. The company's 50 day moving average price is $61.63 and its two-hundred day moving average price is $61.60. Unilever PLC has a 52 week low of $54.32 and a 52 week high of $65.87. The stock has a market cap of $148.55 billion, a P/E ratio of 17.35, a P/E/G ratio of 3.63 and a beta of 0.40.

Unilever Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 15th were paid a dividend of $0.5175 per share. This represents a $2.07 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Friday, August 15th. This is an increase from Unilever's previous quarterly dividend of $0.52. Unilever's dividend payout ratio (DPR) is 59.31%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. CICC Research assumed coverage on shares of Unilever in a research report on Thursday, August 21st. They issued an "outperform" rating on the stock. BNP Paribas raised shares of Unilever to a "strong-buy" rating in a research report on Thursday, May 29th. Zacks Research raised shares of Unilever from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 17th. Jefferies Financial Group reaffirmed an "underperform" rating on shares of Unilever in a research report on Sunday, August 3rd. Finally, BNP Paribas Exane initiated coverage on shares of Unilever in a research report on Thursday, May 29th. They issued an "outperform" rating and a $73.00 price target on the stock. 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 assigned a Sell rating to the company. 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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