Unilever PLC $UL Shares Bought by Abel Hall LLC

Abel Hall LLC raised its holdings in Unilever PLC (NYSE:UL) by 4.8% in the second quarter, Holdings Channel.com reports. The fund owned 4,841 shares of the company’s stock after acquiring an additional 220 shares during the period. Abel Hall LLC’s holdings in Unilever were worth $296,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of UL. Mission Wealth Management LP grew its holdings in Unilever by 1.4% during the first 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 during the last quarter. Gallacher Capital Management LLC grew its holdings in Unilever by 1.9% during the second quarter. Gallacher Capital Management LLC now owns 8,700 shares of the company’s stock valued at $532,000 after purchasing an additional 165 shares during the last quarter. Essex Financial Services Inc. grew its holdings in Unilever by 1.0% during the first quarter. Essex Financial Services Inc. now owns 16,246 shares of the company’s stock valued at $967,000 after purchasing an additional 168 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in Unilever by 0.8% during the first quarter. SBI Securities Co. Ltd. now owns 21,492 shares of the company’s stock valued at $1,280,000 after purchasing an additional 172 shares during the last quarter. Finally, Cardinal Capital Management grew its holdings in Unilever by 0.4% during the first quarter. Cardinal Capital Management now owns 39,953 shares of the company’s stock valued at $2,379,000 after purchasing an additional 176 shares during the last quarter. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Trading Up 0.0%

UL opened at $58.62 on Thursday. Unilever PLC has a 1-year low of $54.32 and a 1-year high of $65.66. The stock has a market capitalization of $143.83 billion, a price-to-earnings ratio of 16.80, a P/E/G ratio of 4.25 and a beta of 0.40. The business has a 50 day moving average of $61.42 and a 200-day moving average of $61.58.

Unilever Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 15th were given a $0.5175 dividend. This is a positive change from Unilever’s previous quarterly dividend of $0.52. This represents a $2.07 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Unilever’s dividend payout ratio (DPR) is currently 59.31%.

Analysts Set New Price Targets

UL has been the topic of several analyst reports. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a report on Sunday, August 3rd. CICC Research initiated coverage on Unilever in a report on Thursday, August 21st. They set an “outperform” rating on the stock. Zacks Research upgraded Unilever from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 17th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Unilever in a report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $73.00.

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.