Unilever PLC $UL Shares Acquired by Avior Wealth Management LLC

Key Points

• Avior Wealth Management LLC significantly increased its stake in Unilever PLC by 886.2% during the second quarter, now owning 7,209 shares valued at approximately $441,000.
• Unilever raised its quarterly dividend to $0.5175, reflecting a 3.5% yield, with a payout ratio of 59.31%.
• The company's stock holds a "Moderate Buy" average rating from analysts, with a consensus target price of $73.00, indicating potential optimism about future performance.

Avior Wealth Management LLC raised its position in shares of Unilever PLC (NYSE:UL - Free Report) by 886.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,209 shares of the company's stock after acquiring an additional 6,478 shares during the quarter. Avior Wealth Management LLC's holdings in Unilever were worth $441,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. N.E.W. Advisory Services LLC acquired a new position in shares of Unilever during the first quarter valued at approximately $30,000. Brentview Investment Management LLC acquired a new position in shares of Unilever during the first quarter valued at approximately $33,000. Richardson Financial Services Inc. raised its holdings in shares of Unilever by 209.0% during the first quarter. Richardson Financial Services Inc. now owns 618 shares of the company's stock valued at $37,000 after acquiring an additional 418 shares during the last quarter. Marshall & Sullivan Inc. WA acquired a new position in shares of Unilever during the second quarter valued at approximately $55,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Unilever in the first quarter valued at approximately $63,000. Institutional investors and hedge funds own 9.67% of the company's stock.

Analyst Upgrades and Downgrades

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

Unilever Stock Performance

Shares of Unilever stock opened at $59.26 on Wednesday. The firm has a market capitalization of $145.40 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 3.56 and a beta of 0.40. Unilever PLC has a fifty-two week low of $54.32 and a fifty-two week high of $65.66. The stock has a 50 day moving average of $61.57 and a 200 day moving average of $61.61.

Unilever Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 15th were given a $0.5175 dividend. The ex-dividend date was 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 3.5%. Unilever's dividend payout ratio (DPR) is currently 59.31%.

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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