Naples Global Advisors LLC Has $3.01 Million Holdings in Unilever PLC $UL

Naples Global Advisors LLC lessened its stake in shares of Unilever PLC (NYSE:UL) by 1.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 49,188 shares of the company’s stock after selling 733 shares during the period. Naples Global Advisors LLC’s holdings in Unilever were worth $3,009,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Mission Wealth Management LP increased its holdings in Unilever by 1.4% during the 1st quarter. Mission Wealth Management LP now owns 11,497 shares of the company’s stock valued at $685,000 after purchasing an additional 159 shares in the last quarter. Gallacher Capital Management LLC boosted its position in Unilever by 1.9% in the 2nd quarter. Gallacher Capital Management LLC now owns 8,700 shares of the company’s stock valued at $532,000 after buying an additional 165 shares during the last quarter. Essex Financial Services Inc. boosted its position in shares of Unilever by 1.0% in the 1st quarter. Essex Financial Services Inc. now owns 16,246 shares of the company’s stock worth $967,000 after purchasing an additional 168 shares during the last quarter. SBI Securities Co. Ltd. boosted its position in shares of Unilever by 0.8% in the 1st quarter. SBI Securities Co. Ltd. now owns 21,492 shares of the company’s stock worth $1,280,000 after purchasing an additional 172 shares during the last quarter. Finally, Cardinal Capital Management boosted its position in shares of Unilever by 0.4% in the 1st quarter. Cardinal Capital Management now owns 39,953 shares of the company’s stock worth $2,379,000 after purchasing an additional 176 shares during the last quarter. Institutional investors own 9.67% of the company’s stock.

Analyst Upgrades and Downgrades

UL has been the topic of several recent analyst reports. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a report on Sunday, August 3rd. Zacks Research upgraded Unilever from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 17th. Finally, CICC Research initiated coverage on Unilever in a report on Thursday, August 21st. They set an “outperform” rating on the stock. Three equities research 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 given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $73.00.

Unilever Price Performance

UL opened at $58.80 on Thursday. The business’s 50-day moving average price is $61.53 and its two-hundred day moving average price is $61.59. Unilever PLC has a 1 year low of $54.32 and a 1 year high of $65.66. The company has a market capitalization of $144.27 billion, a price-to-earnings ratio of 16.85, a P/E/G ratio of 3.57 and a beta of 0.41.

Unilever Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 15th were paid a $0.5175 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.07 annualized dividend and a dividend yield of 3.5%. This is a positive change from Unilever’s previous quarterly dividend of $0.52. Unilever’s dividend payout ratio (DPR) is 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.