Stonehage Fleming Financial Services Holdings Ltd Makes New $465,000 Investment in Unilever PLC $UL

Key Points

• Stonehage Fleming Financial Services Holdings Ltd has made a new investment in Unilever PLC amounting to approximately $465,000, acquiring 7,600 shares during the second quarter.
• Unilever recently announced an increase in its quarterly dividend to $0.5175 per share, reflecting an annualized dividend yield of 3.4%.
• Analysts have given Unilever an average rating of "Moderate Buy", with three analysts rating it as a Strong Buy and a price target of $73.00.

Stonehage Fleming Financial Services Holdings Ltd bought a new position 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 firm bought 7,600 shares of the company's stock, valued at approximately $465,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Fifth Third Wealth Advisors LLC raised its position in shares of Unilever by 14.9% during the second quarter. Fifth Third Wealth Advisors LLC now owns 4,886 shares of the company's stock valued at $299,000 after buying an additional 634 shares during the last quarter. Financial Connections Group Inc. bought a new stake in shares of Unilever during the second quarter valued at approximately $39,000. Eastern Bank raised its position in shares of Unilever by 113.0% during the second quarter. Eastern Bank now owns 78,110 shares of the company's stock valued at $4,778,000 after buying an additional 41,434 shares during the last quarter. PDS Planning Inc raised its position in shares of Unilever by 8.5% during the second quarter. PDS Planning Inc now owns 11,850 shares of the company's stock valued at $725,000 after buying an additional 927 shares during the last quarter. Finally, Aurora Private Wealth Inc. raised its position in shares of Unilever by 9.1% during the second quarter. Aurora Private Wealth Inc. now owns 4,482 shares of the company's stock valued at $274,000 after buying an additional 375 shares during the last quarter. Institutional investors own 9.67% of the company's stock.

Unilever Stock Performance

UL stock opened at $60.47 on Friday. The firm has a fifty day moving average price of $61.44 and a 200 day moving average price of $61.63. Unilever PLC has a fifty-two week low of $54.32 and a fifty-two week high of $65.66. The firm has a market cap of $148.36 billion, a PE ratio of 17.33, a price-to-earnings-growth ratio of 4.53 and a beta of 0.40.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 15th were issued a $0.5175 dividend. This represents a $2.07 dividend on an annualized basis and a dividend yield of 3.4%. This is a boost from Unilever's previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, August 15th. Unilever's payout ratio is 59.31%.

Analyst Ratings Changes

Several research firms have recently issued reports on UL. Zacks Research upgraded shares of Unilever from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 17th. Weiss Ratings reiterated a "buy (b)" rating on shares of Unilever in a research report on Wednesday. CICC Research began coverage on shares of Unilever in a research report on Thursday, August 21st. They set an "outperform" rating on the stock. Finally, Jefferies Financial Group reiterated an "underperform" rating on shares of Unilever in a research report on Sunday, August 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $73.00.

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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