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:UL) 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.

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.