Trajan Wealth LLC Has $4.50 Million Holdings in Unilever PLC (NYSE:UL)

Key Points

• Trajan Wealth LLC has increased its stake in Unilever PLC by 12.2%, acquiring a total of 75,496 shares valued at approximately $4.5 million.
• Several analysts have recently issued ratings on Unilever, with BNP Paribas upgrading it to a "strong-buy" while Wall Street Zen downgraded it to "hold," resulting in a mixed sentiment on the stock.
• Unilever declared a quarterly dividend of $0.5175 per share, reflecting a positive change from its previous dividend, with an annualized yield of 3.4%.

Trajan Wealth LLC grew its stake in shares of Unilever PLC (NYSE:UL - Free Report) by 12.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,496 shares of the company's stock after buying an additional 8,188 shares during the quarter. Trajan Wealth LLC's holdings in Unilever were worth $4,496,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Mission Wealth Management LP grew its stake in shares of Unilever by 1.4% in the 1st quarter. Mission Wealth Management LP now owns 11,497 shares of the company's stock worth $685,000 after purchasing an additional 159 shares during the last quarter. Essex Financial Services Inc. increased its position in shares of Unilever by 1.0% in the first quarter. Essex Financial Services Inc. now owns 16,246 shares of the company's stock worth $967,000 after acquiring an additional 168 shares in the last quarter. SBI Securities Co. Ltd. grew its position in Unilever by 0.8% during the first quarter. SBI Securities Co. Ltd. now owns 21,492 shares of the company's stock valued at $1,280,000 after purchasing an additional 172 shares in the last quarter. Cardinal Capital Management grew its position in Unilever by 0.4% during the first quarter. Cardinal Capital Management now owns 39,953 shares of the company's stock valued at $2,379,000 after purchasing an additional 176 shares in the last quarter. Finally, Trust Co. of Vermont grew its position in Unilever by 0.5% during the first quarter. Trust Co. of Vermont now owns 35,729 shares of the company's stock valued at $2,128,000 after purchasing an additional 181 shares in the last quarter. 9.67% of the stock is currently owned by institutional investors.

Unilever Trading Down 1.1%

NYSE UL traded down $0.71 during trading on Thursday, reaching $61.73. The company's stock had a trading volume of 1,959,424 shares, compared to its average volume of 2,534,147. The stock has a market capitalization of $151.47 billion, a PE ratio of 17.69, a PEG ratio of 3.78 and a beta of 0.38. The business has a 50-day moving average price of $61.18 and a 200-day moving average price of $60.49. Unilever PLC has a 1-year low of $54.32 and a 1-year high of $65.87.

Unilever Increases Dividend

The company 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 dividend of $0.5175 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.07 annualized dividend and a dividend yield of 3.4%. This is an increase from Unilever's previous quarterly dividend of $0.52. Unilever's payout ratio is currently 59.03%.

Wall Street Analysts Forecast Growth

UL has been the topic of a number of research analyst reports. BNP Paribas raised shares of Unilever to a "strong-buy" rating in a research report on Thursday, May 29th. UBS Group raised shares of Unilever from a "strong sell" rating to a "hold" rating in a research report on Friday, May 2nd. BNP Paribas Exane initiated coverage on shares of Unilever in a research report on Thursday, May 29th. They set an "outperform" rating and a $73.00 price objective on the stock. Jefferies Financial Group reaffirmed an "underperform" rating on shares of Unilever in a research report on Sunday, August 3rd. Finally, Wall Street Zen cut shares of Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $72.50.

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.