Prime Capital Investment Advisors LLC reduced its stake in shares of Unilever PLC (NYSE:UL - Free Report) by 29.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,081 shares of the company's stock after selling 21,911 shares during the period. Prime Capital Investment Advisors LLC's holdings in Unilever were worth $3,186,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in UL. Brighton Jones LLC lifted its stake in shares of Unilever by 5.4% during the fourth quarter. Brighton Jones LLC now owns 10,572 shares of the company's stock worth $599,000 after buying an additional 539 shares during the period. UMB Bank n.a. lifted its stake in shares of Unilever by 13.0% during the first quarter. UMB Bank n.a. now owns 11,322 shares of the company's stock worth $674,000 after buying an additional 1,304 shares during the period. Wedmont Private Capital lifted its stake in shares of Unilever by 3.8% during the first quarter. Wedmont Private Capital now owns 5,418 shares of the company's stock worth $335,000 after buying an additional 198 shares during the period. Park Avenue Securities LLC lifted its stake in shares of Unilever by 27.7% during the first quarter. Park Avenue Securities LLC now owns 60,376 shares of the company's stock worth $3,595,000 after buying an additional 13,107 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in shares of Unilever by 0.3% during the first quarter. Farther Finance Advisors LLC now owns 80,953 shares of the company's stock worth $4,822,000 after buying an additional 206 shares during the period. 9.67% of the stock is currently owned by institutional investors and hedge funds.
Unilever Stock Performance
UL stock opened at $58.62 on Wednesday. The firm has a market cap of $143.82 billion, a PE ratio of 16.80, a P/E/G ratio of 3.53 and a beta of 0.40. The firm's fifty day moving average is $61.43 and its 200 day moving average is $61.60. Unilever PLC has a one year low of $54.32 and a one year high of $65.66.
Unilever Increases Dividend
The company also recently declared 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 boost from Unilever's previous quarterly dividend of $0.52. This represents a $2.07 annualized dividend and a yield of 3.5%. The ex-dividend date was Friday, August 15th. Unilever's dividend payout ratio (DPR) is 59.31%.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on UL. Zacks Research upgraded shares of Unilever from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 17th. CICC Research began coverage on shares of Unilever in a research note on Thursday, August 21st. They issued an "outperform" rating on the stock. Jefferies Financial Group reiterated an "underperform" rating on shares of Unilever in a research note on Sunday, August 3rd. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Unilever in a research note on Saturday, September 27th. Three equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $73.00.
Read Our Latest Research Report on Unilever
About Unilever
(
Free Report)
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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