Revisor Wealth Management LLC Purchases New Shares in Unilever PLC $UL

Key Points

• Revisor Wealth Management LLC acquired 4,561 shares of Unilever PLC, valued at approximately $280,000, in the second quarter according to a recent filing.
• Unilever has received mixed analyst ratings, with three analysts giving it a Strong Buy rating and an average target price of $73.00.
• The company recently declared a quarterly dividend of $0.5175, reflecting a positive increase from its previous dividend and a yield of 3.4%.

Revisor Wealth Management LLC bought a new stake in shares of Unilever PLC (NYSE:UL - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,561 shares of the company's stock, valued at approximately $280,000.

Other hedge funds have also recently modified their holdings of the company. N.E.W. Advisory Services LLC bought a new stake in shares of Unilever during the 1st quarter valued at $30,000. Vermillion Wealth Management Inc. purchased a new position in shares of Unilever in the 4th quarter worth about $30,000. Brentview Investment Management LLC purchased a new position in shares of Unilever in the 1st quarter worth about $33,000. Richardson Financial Services Inc. raised its position in shares of Unilever by 209.0% in the 1st quarter. Richardson Financial Services Inc. now owns 618 shares of the company's stock worth $37,000 after purchasing an additional 418 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA purchased a new position in shares of Unilever in the 2nd quarter worth about $55,000. Institutional investors own 9.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. CICC Research assumed coverage on Unilever in a research report 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 report on Sunday, August 3rd. Zacks Research raised Unilever from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 17th. BNP Paribas Exane assumed coverage on Unilever in a research report on Thursday, May 29th. They issued an "outperform" rating and a $73.00 target price for the company. Finally, BNP Paribas raised Unilever to a "strong-buy" rating in a research report on Thursday, May 29th. Three analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $73.00.

Unilever Trading Up 0.1%

Shares of NYSE:UL opened at $60.54 on Wednesday. The stock has a 50 day moving average of $61.63 and a 200 day moving average of $61.60. The company has a market cap of $148.55 billion, a PE ratio of 17.35, a price-to-earnings-growth ratio of 3.63 and a beta of 0.40. Unilever PLC has a 12-month low of $54.32 and a 12-month high of $65.87.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 15th were paid a $0.5175 dividend. This represents a $2.07 annualized dividend and a yield of 3.4%. The ex-dividend date was Friday, August 15th. This is a positive change from Unilever's previous quarterly dividend of $0.52. Unilever's dividend payout ratio is currently 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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