Welch Group LLC Has $631,000 Stake in Unilever PLC $UL

Welch Group LLC trimmed its position in shares of Unilever PLC (NYSE:UL) by 3.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,323 shares of the company’s stock after selling 424 shares during the quarter. Welch Group LLC’s holdings in Unilever were worth $631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. N.E.W. Advisory Services LLC acquired a new stake in shares of Unilever during the 1st quarter valued at about $30,000. Brentview Investment Management LLC acquired a new stake in Unilever in the 1st quarter worth approximately $33,000. Richardson Financial Services Inc. lifted its holdings in Unilever by 209.0% in the 1st 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. Financial Connections Group Inc. acquired a new stake in Unilever in the 2nd quarter worth approximately $39,000. Finally, Marshall & Sullivan Inc. WA acquired a new stake in Unilever in the 2nd quarter worth approximately $55,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UL has been the subject of several analyst reports. Jefferies Financial Group restated 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 issued an “outperform” rating for the company. Weiss Ratings restated a “buy (b)” rating on shares of Unilever in a report on Wednesday, October 8th. Finally, Zacks Research upgraded Unilever from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 17th. Three investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Unilever has a consensus rating of “Moderate Buy” and an average price target of $73.00.

Unilever Stock Up 2.6%

Shares of NYSE UL opened at $60.47 on Monday. The business’s 50 day moving average is $61.44 and its two-hundred day moving average is $61.65. The company has a market cap of $148.36 billion, a P/E ratio of 17.33, a P/E/G ratio of 4.53 and a beta of 0.40. Unilever PLC has a 12 month low of $54.32 and a 12 month 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 given a $0.5175 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.07 annualized dividend and a yield of 3.4%. This is an increase from Unilever’s previous quarterly dividend of $0.52. Unilever’s dividend payout ratio (DPR) is presently 59.31%.

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.