Unilever PLC (NYSE:UL) Shares Bought by Graypoint LLC

Graypoint LLC boosted its position in Unilever PLC (NYSE:UL) by 3.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,292 shares of the company’s stock after buying an additional 250 shares during the period. Graypoint LLC’s holdings in Unilever were worth $401,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of UL. Crewe Advisors LLC increased its position in Unilever by 17.3% during the second quarter. Crewe Advisors LLC now owns 1,186 shares of the company’s stock worth $65,000 after buying an additional 175 shares in the last quarter. Bailard Inc. raised its holdings in Unilever by 1.2% in the 2nd quarter. Bailard Inc. now owns 15,014 shares of the company’s stock valued at $826,000 after acquiring an additional 179 shares during the last quarter. V Square Quantitative Management LLC increased its stake in shares of Unilever by 3.6% during the 2nd quarter. V Square Quantitative Management LLC now owns 5,772 shares of the company’s stock valued at $318,000 after acquiring an additional 198 shares during the last quarter. Avidian Wealth Solutions LLC lifted its holdings in shares of Unilever by 1.0% during the 4th quarter. Avidian Wealth Solutions LLC now owns 21,616 shares of the company’s stock worth $1,048,000 after acquiring an additional 216 shares during the period. Finally, Webster Bank N. A. raised its position in shares of Unilever by 54.3% in the 2nd quarter. Webster Bank N. A. now owns 617 shares of the company’s stock worth $34,000 after buying an additional 217 shares during the period. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Stock Performance

UL stock opened at $64.79 on Monday. Unilever PLC has a 52 week low of $46.16 and a 52 week high of $65.17. The firm’s 50-day moving average is $59.31 and its two-hundred day moving average is $54.22.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 9th will be paid a dividend of $0.4773 per share. The ex-dividend date is Friday, August 9th. This represents a $1.91 annualized dividend and a yield of 2.95%. This is a boost from Unilever’s previous quarterly dividend of $0.46.

Wall Street Analysts Forecast Growth

Several research analysts have commented on UL shares. Redburn Atlantic raised Unilever from a “neutral” rating to a “buy” rating in a research report on Friday, June 7th. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research note on Saturday, August 3rd. Bank of America upgraded Unilever from an “underperform” rating to a “buy” rating and increased their target price for the company from $47.00 to $72.00 in a research note on Thursday, August 22nd. Argus boosted their target price on shares of Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Finally, JPMorgan Chase & Co. upgraded Unilever from an “underweight” rating to an “overweight” rating in a research report on Thursday, May 23rd. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $61.75.

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.