9258 Wealth Management LLC Makes New $201,000 Investment in Unilever PLC (NYSE:UL)

9258 Wealth Management LLC purchased a new stake in Unilever PLC (NYSE:ULFree Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 3,655 shares of the company’s stock, valued at approximately $201,000.

Several other hedge funds have also made changes to their positions in the company. Merit Financial Group LLC increased its stake in Unilever by 29.6% during the fourth quarter. Merit Financial Group LLC now owns 6,797 shares of the company’s stock worth $330,000 after acquiring an additional 1,551 shares during the last quarter. Summit Trail Advisors LLC increased its position in shares of Unilever by 16.0% during the 4th quarter. Summit Trail Advisors LLC now owns 5,217 shares of the company’s stock worth $253,000 after purchasing an additional 718 shares during the last quarter. Private Advisor Group LLC raised its holdings in Unilever by 6.9% in the 4th quarter. Private Advisor Group LLC now owns 61,783 shares of the company’s stock valued at $2,995,000 after buying an additional 3,976 shares during the period. Lincoln National Corp lifted its position in Unilever by 9.6% in the fourth quarter. Lincoln National Corp now owns 6,916 shares of the company’s stock valued at $335,000 after buying an additional 605 shares during the last quarter. Finally, Principal Securities Inc. purchased a new position in Unilever during the fourth quarter worth about $1,131,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Stock Performance

Shares of NYSE UL opened at $65.46 on Friday. The stock’s 50-day moving average is $60.04 and its two-hundred day moving average is $54.57. Unilever PLC has a 1-year low of $46.16 and a 1-year high of $65.72.

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. This represents a $1.91 dividend on an annualized basis and a dividend yield of 2.92%. This is a positive change from Unilever’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, August 9th.

Analysts Set New Price Targets

Several brokerages have recently commented on UL. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $47.00 to $72.00 in a report on Thursday, August 22nd. JPMorgan Chase & Co. upgraded Unilever from an “underweight” rating to an “overweight” rating in a research note on Thursday, May 23rd. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a research note on Saturday, August 3rd. UBS Group upgraded Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Finally, TD Cowen began coverage on Unilever in a report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $61.75.

View Our Latest Analysis on Unilever

Unilever Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding UL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unilever PLC (NYSE:ULFree Report).

Institutional Ownership by Quarter for Unilever (NYSE:UL)

Receive News & Ratings for Unilever Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unilever and related companies with MarketBeat.com's FREE daily email newsletter.