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Virtu Financial LLC Purchases 4,156 Shares of Unilever PLC (NYSE:UL)

Unilever logo with Consumer Staples background

Key Points

  • Virtu Financial LLC increased its stock holdings in Unilever PLC by 29.4% during the first quarter, acquiring an additional 4,156 shares to own a total of 18,311 shares valued at approximately $1,090,000.
  • Unilever recently announced a quarterly dividend of $0.5175 per share, reflecting a payout increase from its previous dividend of $0.52, and an annualized yield of 3.4%.
  • Analyst ratings for Unilever vary widely, with a consensus rating of “Moderate Buy” and an average price target of $72.50, indicating potential for growth amid differing perspectives from financial analysts.
  • Need better tools to track Unilever? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Virtu Financial LLC boosted its position in shares of Unilever PLC (NYSE:UL - Free Report) by 29.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,311 shares of the company's stock after acquiring an additional 4,156 shares during the period. Virtu Financial LLC's holdings in Unilever were worth $1,090,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of UL. Mission Wealth Management LP raised its position in Unilever by 1.4% during the 1st quarter. Mission Wealth Management LP now owns 11,497 shares of the company's stock worth $685,000 after buying an additional 159 shares during the last quarter. Essex Financial Services Inc. raised its position in Unilever by 1.0% during the 1st quarter. Essex Financial Services Inc. now owns 16,246 shares of the company's stock worth $967,000 after buying an additional 168 shares during the last quarter. SBI Securities Co. Ltd. raised its position in Unilever by 0.8% during the 1st quarter. SBI Securities Co. Ltd. now owns 21,492 shares of the company's stock worth $1,280,000 after buying an additional 172 shares during the last quarter. Cardinal Capital Management raised its position in Unilever by 0.4% during the 1st quarter. Cardinal Capital Management now owns 39,953 shares of the company's stock worth $2,379,000 after buying an additional 176 shares during the last quarter. Finally, Trust Co. of Vermont raised its position in Unilever by 0.5% during the 1st quarter. Trust Co. of Vermont now owns 35,729 shares of the company's stock worth $2,128,000 after buying an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 9.67% of the company's stock.

Unilever Stock Performance

Shares of NYSE:UL traded down $0.18 on Friday, hitting $60.98. The stock had a trading volume of 1,760,818 shares, compared to its average volume of 2,528,796. Unilever PLC has a twelve month low of $54.32 and a twelve month high of $65.87. The firm's 50 day moving average price is $61.15 and its 200-day moving average price is $60.52. The company has a market capitalization of $149.61 billion, a price-to-earnings ratio of 17.48, a price-to-earnings-growth ratio of 3.86 and a beta of 0.38.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.5175 per share. The ex-dividend date is Friday, August 15th. This is a boost from Unilever's previous quarterly dividend of $0.52. This represents a $2.07 annualized dividend and a dividend yield of 3.4%. Unilever's dividend payout ratio (DPR) is currently 59.03%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. BNP Paribas raised shares of Unilever to a "strong-buy" rating in a research note on Thursday, May 29th. Jefferies Financial Group reissued an "underperform" rating on shares of Unilever in a research report on Sunday, August 3rd. BNP Paribas Exane initiated coverage on shares of Unilever in a report on Thursday, May 29th. They issued an "outperform" rating and a $73.00 price objective for the company. Wall Street Zen downgraded shares of Unilever from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, UBS Group upgraded shares of Unilever from a "strong sell" rating to a "hold" rating in a research note on Friday, May 2nd. Two analysts have rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $72.50.

View Our Latest Report on UL

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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Institutional Ownership by Quarter for Unilever (NYSE:UL)

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