Wealth Enhancement Advisory Services LLC Has $11.69 Million Position in Unilever PLC (NYSE:UL)

Wealth Enhancement Advisory Services LLC raised its stake in Unilever PLC (NYSE:UL - Free Report) by 25.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 196,346 shares of the company's stock after purchasing an additional 39,877 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Unilever were worth $11,692,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of UL. Azzad Asset Management Inc. ADV bought a new stake in Unilever during the first quarter worth about $3,940,000. Pullen Investment Management LLC increased its position in Unilever by 2.3% during the 1st quarter. Pullen Investment Management LLC now owns 28,341 shares of the company's stock valued at $1,688,000 after purchasing an additional 635 shares during the period. Elevation Point Wealth Partners LLC grew its position in shares of Unilever by 20.8% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 31,559 shares of the company's stock worth $1,879,000 after buying an additional 5,425 shares during the period. Smithbridge Asset Management Inc. DE acquired a new stake in shares of Unilever during the 1st quarter worth approximately $3,779,000. Finally, Verity & Verity LLC acquired a new stake in shares of Unilever during the 1st quarter worth approximately $208,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Price Performance

NYSE:UL opened at $61.17 on Monday. The business has a 50 day moving average of $62.98 and a 200 day moving average of $59.54. The company has a market capitalization of $150.14 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 3.41 and a beta of 0.43. Unilever PLC has a 1-year low of $54.32 and a 1-year high of $65.87.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 16th were given a $0.5151 dividend. This is an increase from Unilever's previous quarterly dividend of $0.47. The ex-dividend date was Friday, May 16th. This represents a $2.06 dividend on an annualized basis and a yield of 3.37%. Unilever's payout ratio is presently 59.03%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. BNP Paribas upgraded Unilever to a "strong-buy" rating in a report on Thursday, May 29th. BNP Paribas Exane began coverage on Unilever in a report on Thursday, May 29th. They issued an "outperform" rating and a $73.00 price objective for the company. UBS Group raised Unilever from a "strong sell" rating to a "hold" rating in a report on Friday, May 2nd. Finally, Wall Street Zen lowered Unilever from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price 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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