Unilever PLC (NYSE:UL) Shares Acquired by DAVENPORT & Co LLC

DAVENPORT & Co LLC increased its position in shares of Unilever PLC (NYSE:UL - Free Report) by 14.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 62,305 shares of the company's stock after buying an additional 7,748 shares during the period. DAVENPORT & Co LLC's holdings in Unilever were worth $3,710,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in UL. VSM Wealth Advisory LLC acquired a new stake in Unilever in the fourth quarter valued at $28,000. Vermillion Wealth Management Inc. purchased a new position in shares of Unilever in the 4th quarter valued at about $30,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of Unilever in the 4th quarter valued at about $39,000. Accredited Wealth Management LLC acquired a new stake in shares of Unilever during the 4th quarter worth about $43,000. Finally, Greenline Partners LLC purchased a new stake in Unilever during the fourth quarter worth approximately $58,000. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Unilever Trading Up 0.2%

UL stock opened at $61.52 on Friday. The company has a market capitalization of $151.01 billion, a P/E ratio of 17.63, a PEG ratio of 3.82 and a beta of 0.41. The business has a 50 day simple moving average of $62.61 and a 200-day simple moving average of $59.69. Unilever PLC has a twelve month low of $54.32 and a twelve month high of $65.87.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 16th were paid a dividend of $0.5151 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.06 dividend on an annualized basis and a yield of 3.35%. This is a boost from Unilever's previous quarterly dividend of $0.47. Unilever's dividend payout ratio is currently 59.03%.

Analyst Ratings Changes

UL has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. UBS Group upgraded shares of Unilever from a "strong sell" rating to a "hold" rating in a report on Friday, May 2nd. BNP Paribas upgraded shares of Unilever to a "strong-buy" rating in a research note on Thursday, May 29th. Finally, BNP Paribas Exane started coverage on shares of Unilever in a research report on Thursday, May 29th. They issued an "outperform" rating and a $73.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $70.67.

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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