Unilever PLC $UL Shares Sold by Hamilton Point Investment Advisors LLC

Key Points

• Hamilton Point Investment Advisors LLC reduced its position in Unilever PLC by 5.8%, selling 6,325 shares, now holding a total of 103,082 shares valued at approximately $6.31 million.
• Unilever recently increased its quarterly dividend to $0.5175 per share, indicating a positive development for investors, with a current annual yield of 3.4%.
• Unilever's stock has a current market capitalization of $147.49 billion and a consensus target price of $73, reflecting a generally positive outlook from analysts.

Hamilton Point Investment Advisors LLC reduced its position in Unilever PLC (NYSE:UL - Free Report) by 5.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 103,082 shares of the company's stock after selling 6,325 shares during the quarter. Hamilton Point Investment Advisors LLC's holdings in Unilever were worth $6,306,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wellington Management Group LLP lifted its holdings in shares of 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. Envestnet Asset Management Inc. increased its holdings in shares of Unilever by 2.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 3,925,891 shares of the company's stock valued at $233,787,000 after acquiring an additional 95,359 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of Unilever by 7.1% in the first quarter. Raymond James Financial Inc. now owns 3,340,231 shares of the company's stock valued at $198,911,000 after purchasing an additional 221,958 shares during the last quarter. Hamlin Capital Management LLC increased its position in shares of Unilever by 6.8% during the first quarter. Hamlin Capital Management LLC now owns 3,070,860 shares of the company's stock valued at $182,870,000 after purchasing an additional 195,931 shares during the period. Finally, Northern Trust Corp boosted its stake in Unilever by 4.3% in the 1st quarter. Northern Trust Corp now owns 2,260,133 shares of the company's stock valued at $134,591,000 after buying an additional 93,677 shares in the last quarter. Institutional investors and hedge funds own 9.67% of the company's stock.

Unilever Stock Performance

NYSE UL opened at $60.11 on Tuesday. The company has a market capitalization of $147.49 billion, a P/E ratio of 17.22, a P/E/G ratio of 4.53 and a beta of 0.40. The company has a fifty day moving average of $61.43 and a 200-day moving average of $61.65. Unilever PLC has a 52-week low of $54.32 and a 52-week high of $65.66.

Unilever Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 15th were given a dividend of $0.5175 per share. This is a positive change from Unilever's previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.07 annualized dividend and a yield of 3.4%. Unilever's payout ratio is currently 59.31%.

Analyst Upgrades and Downgrades

UL has been the topic of several recent research reports. Jefferies Financial Group reiterated an "underperform" rating on shares of Unilever in a report on Sunday, August 3rd. Weiss Ratings reiterated a "buy (b)" rating on shares of Unilever in a research report on Wednesday, October 8th. Zacks Research raised shares of Unilever from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 17th. Finally, CICC Research started coverage on shares of Unilever in a research note on Thursday, August 21st. They issued an "outperform" rating on the stock. Three investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $73.00.

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.

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