Deutsche Bank AG Purchases 899 Shares of Unilever PLC $UL

Deutsche Bank AG increased its stake in shares of Unilever PLC (NYSE:UL) by 1.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,746 shares of the company’s stock after acquiring an additional 899 shares during the quarter. Deutsche Bank AG’s holdings in Unilever were worth $2,903,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vermillion Wealth Management Inc. acquired a new stake in Unilever during the fourth quarter worth $30,000. N.E.W. Advisory Services LLC acquired a new stake in Unilever during the first quarter worth $30,000. Brentview Investment Management LLC acquired a new stake in Unilever during the first quarter worth $33,000. Richardson Financial Services Inc. boosted its stake in Unilever by 209.0% during the first quarter. Richardson Financial Services Inc. now owns 618 shares of the company’s stock worth $37,000 after buying an additional 418 shares in the last quarter. Finally, Accredited Wealth Management LLC acquired a new stake in Unilever during the fourth quarter worth $43,000. Institutional investors own 9.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on UL. UBS Group upgraded shares of Unilever from a “strong sell” rating to a “hold” rating in a research note on Friday, May 2nd. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a research note on Sunday, August 3rd. BNP Paribas Exane started coverage on shares of Unilever in a research note on Thursday, May 29th. They set an “outperform” rating and a $73.00 price target on the stock. BNP Paribas upgraded shares of Unilever to a “strong-buy” rating in a research note on Thursday, May 29th. Finally, Wall Street Zen downgraded shares of Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $72.50.

Unilever Stock Up 1.1%

Unilever stock opened at $61.9350 on Wednesday. The stock has a 50-day simple moving average of $61.06 and a 200 day simple moving average of $60.61. Unilever PLC has a 12-month low of $54.32 and a 12-month high of $65.87. The stock has a market capitalization of $151.97 billion, a price-to-earnings ratio of 17.75, a P/E/G ratio of 3.79 and a beta of 0.38.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 15th will be issued a $0.5175 dividend. This is a positive change from Unilever’s previous quarterly dividend of $0.52. This represents a $2.07 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, August 15th. Unilever’s dividend payout ratio (DPR) is presently 59.31%.

About Unilever

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.