Todd Asset Management LLC Has $8.14 Million Stake in Unilever PLC (NYSE:UL)

Key Points

• Todd Asset Management LLC increased its holdings in Unilever PLC by 42.0%, acquiring an additional 40,452 shares during the first quarter, bringing its total to 136,751 shares worth approximately $8.14 million.
• Unilever announced a quarterly dividend of $0.5175, which will be paid on September 12th, marking an increase from the previous dividend and reflecting an annualized yield of 3.4%.
• Wall Street analysts have mixed ratings on Unilever's stock, with a consensus rating of "Moderate Buy" and a price target averaging around $72.50, indicating potential growth despite varying opinions on its performance.

Todd Asset Management LLC raised its position in shares of Unilever PLC (NYSE:UL - Free Report) by 42.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,751 shares of the company's stock after acquiring an additional 40,452 shares during the period. Todd Asset Management LLC's holdings in Unilever were worth $8,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UL. Vermillion Wealth Management Inc. purchased a new position in Unilever in the 4th quarter worth $30,000. N.E.W. Advisory Services LLC acquired a new position in Unilever during the first quarter worth $30,000. Brentview Investment Management LLC purchased a new position in Unilever in the first quarter worth approximately $33,000. Richardson Financial Services Inc. raised its holdings in shares of Unilever by 209.0% in the 1st quarter. Richardson Financial Services Inc. now owns 618 shares of the company's stock valued at $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 $43,000. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Unilever Trading Down 0.3%

Unilever stock traded down $0.18 during midday trading on Friday, hitting $60.98. The stock had a trading volume of 2,006,682 shares, compared to its average volume of 2,529,052. The business has a fifty day moving average price of $61.15 and a 200 day moving average price of $60.52. Unilever PLC has a 12 month low of $54.32 and a 12 month high of $65.87. The stock has a market cap of $149.62 billion, a P/E ratio of 17.47, a P/E/G ratio of 3.86 and a beta of 0.38.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 15th will be issued a dividend of $0.5175 per share. The ex-dividend date of this dividend is Friday, August 15th. This is a positive change from Unilever's previous quarterly dividend of $0.52. This represents a $2.07 annualized dividend and a yield of 3.4%. Unilever's dividend payout ratio is presently 59.03%.

Wall Street Analysts Forecast Growth

UL has been the topic of several analyst reports. UBS Group upgraded Unilever from a "strong sell" rating to a "hold" rating in a report on Friday, May 2nd. BNP Paribas Exane started coverage on Unilever in a report on Thursday, May 29th. They issued an "outperform" rating and a $73.00 target price on the stock. Jefferies Financial Group reiterated an "underperform" rating on shares of Unilever in a report on Sunday, August 3rd. Wall Street Zen cut Unilever from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. 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 sell rating, three have assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $72.50.

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.