RWA Wealth Partners LLC Takes $240,000 Position in Unilever PLC $UL

Key Points

• RWA Wealth Partners LLC purchased a new stake in Unilever PLC, acquiring 4,023 shares valued at approximately $240,000 during the first quarter.
• Unilever recently announced a quarterly dividend of $0.5175 per share, reflecting a positive change from its previous dividend and a yield of 3.3%.
• Brokerages have mixed ratings on Unilever, with a consensus target price of $72.50 and two analysts rating it as a Strong Buy.

RWA Wealth Partners LLC bought a new position in shares of Unilever PLC (NYSE:UL - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 4,023 shares of the company's stock, valued at approximately $240,000.

Several other institutional investors also recently made changes to their positions in the stock. Vermillion Wealth Management Inc. purchased a new position in shares of Unilever in the 4th quarter valued at about $30,000. N.E.W. Advisory Services LLC acquired a new position in Unilever during the first quarter worth about $30,000. Brentview Investment Management LLC acquired a new position in Unilever during the first quarter worth about $33,000. Richardson Financial Services Inc. grew its position in Unilever by 209.0% during the first quarter. Richardson Financial Services Inc. now owns 618 shares of the company's stock worth $37,000 after buying an additional 418 shares during the period. Finally, Accredited Wealth Management LLC purchased a new position in Unilever in the fourth quarter valued at about $43,000. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UL has been the topic of several research analyst reports. UBS Group raised Unilever from a "strong sell" rating to a "hold" rating in a research note on Friday, May 2nd. BNP Paribas Exane began coverage on Unilever in a report on Thursday, May 29th. They set an "outperform" rating and a $73.00 price objective for the company. Jefferies Financial Group reiterated an "underperform" rating on shares of Unilever in a research report on Sunday, August 3rd. CICC Research started coverage on Unilever in a research report on Thursday. They issued an "outperform" rating for the company. Finally, BNP Paribas raised Unilever to a "strong-buy" rating in a research note on Thursday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $73.00.

Unilever Price Performance

NYSE:UL traded down $0.2250 during trading hours on Friday, reaching $63.0450. 2,322,970 shares of the company traded hands, compared to its average volume of 2,276,153. The firm's 50-day moving average is $61.07 and its 200-day moving average is $60.73. The stock has a market cap of $154.69 billion, a P/E ratio of 18.06, a P/E/G ratio of 3.90 and a beta of 0.38. Unilever PLC has a 1-year low of $54.32 and a 1-year high of $65.87.

Unilever Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, August 15th. This is an increase from Unilever's previous quarterly dividend of $0.52. This represents a $2.07 dividend on an annualized basis and a dividend yield of 3.3%. Unilever's dividend payout ratio is 59.31%.

Unilever 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.