Geneos Wealth Management Inc. Has $900,000 Position in Unilever PLC $UL

Geneos Wealth Management Inc. raised its position in shares of Unilever PLC (NYSE:UL) by 24.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,108 shares of the company’s stock after purchasing an additional 2,994 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Unilever were worth $900,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in UL. Wellington Management Group LLP raised its stake in Unilever by 13.9% during the 1st quarter. Wellington Management Group LLP now owns 28,100,442 shares of the company’s stock valued at $1,673,381,000 after purchasing an additional 3,421,054 shares during the period. GAMMA Investing LLC grew its holdings in shares of Unilever by 7,286.5% during the 1st quarter. GAMMA Investing LLC now owns 781,713 shares of the company’s stock valued at $46,551,000 after acquiring an additional 771,130 shares in the last quarter. Clark Capital Management Group Inc. purchased a new position in shares of Unilever during the 1st quarter valued at $45,413,000. BNP Paribas Financial Markets grew its holdings in shares of Unilever by 764.5% during the 1st quarter. BNP Paribas Financial Markets now owns 775,561 shares of the company’s stock valued at $46,185,000 after acquiring an additional 685,848 shares in the last quarter. Finally, Factory Mutual Insurance Co. purchased a new position in shares of Unilever during the 1st quarter valued at $34,533,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

UL has been the topic of several research analyst reports. BNP Paribas Exane initiated coverage on shares of Unilever in a report 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 report on Thursday, May 29th. CICC Research initiated coverage on shares of Unilever in a report on Thursday, August 21st. They set an “outperform” rating on the stock. Finally, Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a report on Sunday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $73.00.

Unilever Trading Down 0.9%

Shares of NYSE:UL opened at $62.90 on Friday. The stock has a market capitalization of $154.32 billion, a PE ratio of 18.02, a P/E/G ratio of 3.82 and a beta of 0.40. Unilever PLC has a 1 year low of $54.32 and a 1 year high of $65.87. The firm has a fifty day moving average price of $61.55 and a 200 day moving average price of $61.42.

Unilever Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 15th were issued a $0.5175 dividend. This is a boost from Unilever’s previous quarterly dividend of $0.52. This represents a $2.07 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Friday, August 15th. Unilever’s dividend payout ratio is currently 59.31%.

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.