3,595 Shares in Unilever PLC $UL Bought by Sovran Advisors LLC

Sovran Advisors LLC acquired a new position in shares of Unilever PLC (NYSE:UL) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,595 shares of the company’s stock, valued at approximately $219,000.

A number of other large investors have also added to or reduced their stakes in UL. Vermillion Wealth Management Inc. acquired a new stake in shares of Unilever during the 4th quarter worth approximately $30,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Unilever during the first quarter worth approximately $30,000. Brentview Investment Management LLC acquired a new position in Unilever in the first quarter valued at approximately $33,000. Richardson Financial Services Inc. boosted its holdings in shares of Unilever by 209.0% in the first quarter. Richardson Financial Services Inc. now owns 618 shares of the company’s stock valued at $37,000 after acquiring an additional 418 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Unilever during the first quarter worth $63,000. 9.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

UL has been the subject of a number of recent research reports. BNP Paribas upgraded Unilever to a “strong-buy” rating in a research report on Thursday, May 29th. CICC Research assumed coverage on Unilever in a report on Thursday, August 21st. They set an “outperform” rating on the stock. BNP Paribas Exane started coverage on shares of Unilever in a report on Thursday, May 29th. They set an “outperform” rating and a $73.00 price target for the company. Zacks Research upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Finally, Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a report on Sunday, August 3rd. Three analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Unilever presently has a consensus rating of “Moderate Buy” and an average price target of $73.00.

Unilever Trading Down 0.3%

Shares of UL opened at $61.26 on Friday. Unilever PLC has a 1 year low of $54.32 and a 1 year high of $65.87. The stock has a 50 day simple moving average of $61.63 and a 200-day simple moving average of $61.58. The stock has a market cap of $150.31 billion, a PE ratio of 17.55, a PEG ratio of 3.68 and a beta of 0.40.

Unilever Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 15th were given a $0.5175 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.07 annualized dividend and a dividend yield of 3.4%. This is an increase from Unilever’s previous quarterly dividend of $0.52. Unilever’s dividend payout ratio is 59.31%.

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.