Allen Capital Group LLC Purchases 9,583 Shares of Unilever PLC (NYSE:UL)

Allen Capital Group LLC lifted its holdings in Unilever PLC (NYSE:UL - Free Report) by 15.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,622 shares of the company's stock after buying an additional 9,583 shares during the quarter. Allen Capital Group LLC's holdings in Unilever were worth $4,206,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. VSM Wealth Advisory LLC bought a new stake in Unilever during the 4th quarter worth about $28,000. Vermillion Wealth Management Inc. bought a new stake in Unilever during the 4th quarter worth about $30,000. Murphy & Mullick Capital Management Corp bought a new stake in Unilever during the 4th quarter worth about $39,000. Accredited Wealth Management LLC bought a new stake in Unilever during the 4th quarter worth about $43,000. Finally, Greenline Partners LLC bought a new stake in Unilever during the 4th quarter worth about $58,000. 9.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. UBS Group raised Unilever from a "strong sell" rating to a "hold" rating in a report on Friday, May 2nd. Wall Street Zen lowered Unilever from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. BNP Paribas upgraded Unilever to a "strong-buy" rating in a research report on Thursday, May 29th. Finally, BNP Paribas Exane initiated coverage on Unilever in a research report on Thursday, May 29th. They set an "outperform" rating and a $73.00 target price for the company. One analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $70.67.

Unilever Stock Up 0.1%

Shares of UL traded up $0.03 on Wednesday, hitting $60.29. The company's stock had a trading volume of 2,517,884 shares, compared to its average volume of 2,481,661. The firm's fifty day moving average price is $62.24 and its 200-day moving average price is $59.89. Unilever PLC has a fifty-two week low of $54.32 and a fifty-two week high of $65.87. The firm has a market capitalization of $147.99 billion, a price-to-earnings ratio of 17.28, a P/E/G ratio of 3.83 and a beta of 0.41.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 16th were paid a $0.5151 dividend. This is a boost from Unilever's previous quarterly dividend of $0.47. The ex-dividend date was Friday, May 16th. This represents a $2.06 annualized dividend and a yield of 3.42%. Unilever's payout ratio is presently 59.03%.

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.