Total Wealth Planning LLC Acquires New Position in Unilever PLC $UL

Key Points

• Total Wealth Planning LLC acquired a new stake in Unilever PLC, purchasing 5,793 shares valued at approximately $354,000 during the second quarter.
• Unilever has recently increased its quarterly dividend to $0.5175 per share, representing an annualized payout of $2.07 and a dividend yield of 3.4%.
• Analysts have a Moderate Buy rating on Unilever's stock, with an average price target of $73.00, indicating optimism about its performance.

Total Wealth Planning LLC purchased a new stake in Unilever PLC (NYSE:UL - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,793 shares of the company's stock, valued at approximately $354,000.

A number of other large investors also recently made changes to their positions in UL. Wellington Management Group LLP lifted its stake in Unilever by 13.9% in the first quarter. Wellington Management Group LLP now owns 28,100,442 shares of the company's stock valued at $1,673,381,000 after buying an additional 3,421,054 shares during the period. GAMMA Investing LLC raised its position in shares of Unilever by 7,286.5% in the 1st quarter. GAMMA Investing LLC now owns 781,713 shares of the company's stock valued at $46,551,000 after acquiring an additional 771,130 shares during the period. Clark Capital Management Group Inc. acquired a new stake in shares of Unilever in the 1st quarter valued at approximately $45,413,000. BNP Paribas Financial Markets raised its holdings in Unilever by 764.5% in the first quarter. BNP Paribas Financial Markets now owns 775,561 shares of the company's stock worth $46,185,000 after purchasing an additional 685,848 shares during the period. Finally, Factory Mutual Insurance Co. acquired a new stake in Unilever in the first quarter worth $34,533,000. Institutional investors and hedge funds own 9.67% of the company's stock.

Unilever Price Performance

UL opened at $60.07 on Thursday. The business's 50-day moving average price is $61.62 and its two-hundred day moving average price is $61.59. Unilever PLC has a 1 year low of $54.32 and a 1 year high of $65.87. The company has a market capitalization of $147.40 billion, a price-to-earnings ratio of 17.21, a P/E/G ratio of 3.64 and a beta of 0.40.

Unilever Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders 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 was Friday, August 15th. Unilever's dividend payout ratio is 59.31%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. BNP Paribas Exane assumed coverage on shares of Unilever in a report on Thursday, May 29th. They issued an "outperform" rating and a $73.00 target price on the stock. CICC Research began coverage on Unilever in a research note on Thursday, August 21st. They set an "outperform" rating on the stock. BNP Paribas raised Unilever to a "strong-buy" rating in a research report on Thursday, May 29th. Jefferies Financial Group reaffirmed an "underperform" rating on shares of Unilever in a research report on Sunday, August 3rd. Finally, Zacks Research upgraded shares of Unilever from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 17th. Three investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $73.00.

About Unilever

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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