Simplicity Wealth LLC Makes New Investment in Unilever PLC $UL

Simplicity Wealth LLC acquired a new position in shares of Unilever PLC (NYSE:UL - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 9,134 shares of the company's stock, valued at approximately $559,000.

Other large investors also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC bought a new stake in Unilever during the first quarter worth approximately $30,000. Brentview Investment Management LLC bought a new stake in Unilever during the first quarter worth approximately $33,000. Richardson Financial Services Inc. increased its stake 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 acquiring an additional 418 shares during the last quarter. Marshall & Sullivan Inc. WA bought a new stake in Unilever during the second quarter worth approximately $55,000. Finally, Opal Wealth Advisors LLC bought a new stake in Unilever during the first quarter worth approximately $63,000. 9.67% of the stock is owned by institutional investors.

Unilever Stock Performance

UL opened at $58.62 on Wednesday. The stock has a market cap of $143.82 billion, a price-to-earnings ratio of 16.80, a P/E/G ratio of 3.53 and a beta of 0.40. The stock's 50 day moving average price is $61.43 and its 200-day moving average price is $61.60. Unilever PLC has a one year low of $54.32 and a one year high of $65.66.

Unilever Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 15th were issued a $0.5175 dividend. The ex-dividend date was Friday, August 15th. This is a positive change from Unilever's previous quarterly dividend of $0.52. This represents a $2.07 dividend on an annualized basis and a dividend yield of 3.5%. Unilever's dividend payout ratio (DPR) is presently 59.31%.

Wall Street Analyst Weigh In

UL has been the subject of several recent analyst reports. Weiss Ratings restated a "buy (b)" rating on shares of Unilever in a research report on Saturday, September 27th. Jefferies Financial Group reaffirmed an "underperform" rating on shares of Unilever in a research note on Sunday, August 3rd. Zacks Research raised Unilever from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 17th. Finally, CICC Research initiated coverage on Unilever in a research note on Thursday, August 21st. They set an "outperform" rating on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $73.00.

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.

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