Prio Wealth Limited Partnership Buys Shares of 146,024 Unilever PLC (NYSE:UL)

Prio Wealth Limited Partnership purchased a new position in Unilever PLC (NYSE:UL) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 146,024 shares of the company’s stock, valued at approximately $8,030,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Red Tortoise LLC bought a new position in Unilever during the first quarter valued at approximately $26,000. Rise Advisors LLC acquired a new stake in shares of Unilever in the first quarter worth about $28,000. Quent Capital LLC bought a new stake in shares of Unilever during the 1st quarter worth about $28,000. ST Germain D J Co. Inc. increased its holdings in shares of Unilever by 423.8% during the 2nd quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock valued at $29,000 after acquiring an additional 428 shares during the last quarter. Finally, Abich Financial Wealth Management LLC raised its stake in shares of Unilever by 393.5% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock valued at $29,000 after acquiring an additional 425 shares in the last quarter. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on UL shares. StockNews.com downgraded shares of Unilever from a “buy” rating to a “hold” rating in a report on Thursday, September 26th. UBS Group raised Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. Bank of America raised Unilever from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $47.00 to $72.00 in a research report on Thursday, August 22nd. TD Cowen assumed coverage on Unilever in a research note on Tuesday, July 23rd. They set a “buy” rating and a $67.00 target price for the company. Finally, Redburn Atlantic raised Unilever from a “neutral” rating to a “buy” rating in a research report on Friday, June 7th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $61.75.

Unilever Price Performance

UL stock opened at $64.64 on Wednesday. The business’s 50-day simple moving average is $63.11 and its 200 day simple moving average is $56.58. Unilever PLC has a twelve month low of $46.16 and a twelve month high of $65.87.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 9th were issued a $0.4773 dividend. This represents a $1.91 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend was Friday, August 9th. This is a positive change from Unilever’s previous quarterly dividend of $0.46.

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.