Nuveen LLC Purchases Shares of 10,290 Unilever PLC $UL

Key Points

• Nuveen LLC acquired a new position in Unilever PLC, purchasing 10,290 shares valued at approximately $613,000 during the first quarter.
• Analysts have mixed ratings for Unilever, with a consensus rating of Moderate Buy and an average price target of $73.00.
• Unilever recently announced a quarterly dividend increase to $0.5175 per share, representing an annualized yield of 3.2%.

Nuveen LLC bought a new position in shares of Unilever PLC (NYSE:UL - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,290 shares of the company's stock, valued at approximately $613,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. SouthState Corp boosted its stake in Unilever by 5.0% during the first quarter. SouthState Corp now owns 7,579 shares of the company's stock worth $451,000 after buying an additional 364 shares in the last quarter. Virtu Financial LLC grew its stake in shares of Unilever by 29.4% in the first quarter. Virtu Financial LLC now owns 18,311 shares of the company's stock valued at $1,090,000 after buying an additional 4,156 shares in the last quarter. Benjamin Edwards Inc. lifted its holdings in Unilever by 7.5% during the 1st quarter. Benjamin Edwards Inc. now owns 25,257 shares of the company's stock valued at $1,504,000 after purchasing an additional 1,766 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of Unilever during the first quarter worth $3,944,000. Finally, Citigroup Inc. raised its stake in Unilever by 10.7% in the first quarter. Citigroup Inc. now owns 199,393 shares of the company's stock valued at $11,874,000 after purchasing an additional 19,200 shares in the last quarter. Institutional investors own 9.67% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on UL. CICC Research initiated coverage on Unilever in a report on Thursday, August 21st. They issued an "outperform" rating on the stock. BNP Paribas Exane assumed coverage on Unilever in a research note on Thursday, May 29th. They set an "outperform" rating and a $73.00 target price on the stock. BNP Paribas raised Unilever to a "strong-buy" rating in a report on Thursday, May 29th. Finally, Jefferies Financial Group restated an "underperform" rating on shares of Unilever in a research report on Sunday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $73.00.

Unilever Price Performance

UL traded down $0.43 during trading hours on Monday, reaching $63.89. The company's stock had a trading volume of 1,025,747 shares, compared to its average volume of 2,505,725. The business's 50-day moving average is $61.37 and its 200-day moving average is $61.21. Unilever PLC has a fifty-two week low of $54.32 and a fifty-two week high of $65.87. The stock has a market cap of $156.75 billion, a PE ratio of 18.30, a P/E/G ratio of 3.98 and a beta of 0.40.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 15th will be paid a dividend of $0.5175 per share. This is a boost from Unilever's previous quarterly dividend of $0.52. This represents a $2.07 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, August 15th. Unilever's dividend payout ratio (DPR) is currently 59.31%.

About Unilever

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.