Steward Partners Investment Advisory LLC Has $4.65 Million Stake in Unilever PLC $UL

Key Points

• Steward Partners Investment Advisory LLC increased its ownership in Unilever PLC by 10.7%, acquiring an additional 7,547 shares during the first quarter, bringing its total holdings to 78,118 shares valued at approximately $4.65 million.
• Unilever declared a quarterly dividend of $0.5175 per share, a slight increase from the previous dividend of $0.52, with a yield of 3.3% as of the announcement.
• Analyst ratings for Unilever show a consensus of "Moderate Buy" with a price target of $72.50, reflecting mixed ratings from various investment analysts.

Steward Partners Investment Advisory LLC raised its position in shares of Unilever PLC (NYSE:UL - Free Report) by 10.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 78,118 shares of the company's stock after purchasing an additional 7,547 shares during the quarter. Steward Partners Investment Advisory LLC's holdings in Unilever were worth $4,652,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Vermillion Wealth Management Inc. acquired a new stake in Unilever during the 4th quarter valued at $30,000. N.E.W. Advisory Services LLC acquired a new stake in Unilever during the 1st quarter valued at $30,000. Brentview Investment Management LLC acquired a new stake in Unilever during the 1st quarter valued at $33,000. Richardson Financial Services Inc. raised its stake in Unilever by 209.0% during the 1st quarter. Richardson Financial Services Inc. now owns 618 shares of the company's stock valued at $37,000 after purchasing an additional 418 shares during the period. Finally, Accredited Wealth Management LLC acquired a new stake in Unilever during the 4th quarter valued at $43,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on UL shares. CICC Research started coverage on shares of Unilever in a research note on Thursday. They set an "outperform" rating on the stock. Wall Street Zen downgraded shares of Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. UBS Group upgraded shares of Unilever from a "strong sell" rating to a "hold" rating in a report on Friday, May 2nd. BNP Paribas Exane initiated coverage on shares of Unilever in a report on Thursday, May 29th. They set an "outperform" rating and a $73.00 price target on the stock. Finally, BNP Paribas upgraded shares of Unilever to a "strong-buy" rating in a report 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 given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, Unilever has a consensus rating of "Moderate Buy" and an average price target of $73.00.

Unilever Price Performance

NYSE:UL traded down $0.97 during trading hours on Monday, reaching $62.09. The company's stock had a trading volume of 1,546,473 shares, compared to its average volume of 2,308,035. The company has a market cap of $152.35 billion, a price-to-earnings ratio of 17.79, a price-to-earnings-growth ratio of 3.90 and a beta of 0.38. Unilever PLC has a one year low of $54.32 and a one year high of $65.87. The business's 50-day moving average is $61.06 and its 200-day moving average is $60.77.

Unilever Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 15th will be issued a $0.5175 dividend. This is a boost from Unilever's previous quarterly dividend of $0.52. This represents a $2.07 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, August 15th. Unilever's dividend payout ratio is currently 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.