Foresight Capital Management Advisors Inc. Raises Stock Position in Unilever PLC $UL

Foresight Capital Management Advisors Inc. raised its stake in shares of Unilever PLC (NYSE:UL) by 2.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 50,323 shares of the company’s stock after buying an additional 1,274 shares during the period. Unilever comprises approximately 1.8% of Foresight Capital Management Advisors Inc.’s holdings, making the stock its 23rd largest position. Foresight Capital Management Advisors Inc.’s holdings in Unilever were worth $3,078,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of UL. N.E.W. Advisory Services LLC bought a new stake in shares of Unilever in the first quarter worth $30,000. Brentview Investment Management LLC purchased a new position in Unilever in the first quarter worth about $33,000. Richardson Financial Services Inc. boosted its position in Unilever by 209.0% in the first quarter. Richardson Financial Services Inc. now owns 618 shares of the company’s stock worth $37,000 after purchasing an additional 418 shares during the last quarter. Marshall & Sullivan Inc. WA bought a new stake in shares of Unilever during the 2nd quarter valued at about $55,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Unilever during the 1st quarter valued at about $63,000. 9.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on UL. CICC Research began coverage on shares of Unilever in a report on Thursday, August 21st. They issued an “outperform” rating on the stock. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a research note on Sunday, August 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Unilever in a research report on Saturday, September 27th. Finally, Zacks Research raised Unilever from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 17th. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Unilever currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

Unilever Price Performance

UL opened at $58.57 on Tuesday. The company has a 50 day simple moving average of $61.45 and a two-hundred day simple moving average of $61.62. The firm has a market cap of $143.71 billion, a P/E ratio of 16.78, a PEG ratio of 3.55 and a beta of 0.40. Unilever PLC has a 1-year low of $54.32 and a 1-year high of $65.66.

Unilever Increases Dividend

The firm 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. This represents a $2.07 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Friday, August 15th. This is a boost from Unilever’s previous quarterly dividend of $0.52. Unilever’s dividend payout ratio (DPR) is currently 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.