Unilever PLC $UL Position Increased by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC increased its stake in Unilever PLC (NYSE:UL) by 14.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,886 shares of the company’s stock after purchasing an additional 634 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Unilever were worth $299,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in UL. N.E.W. Advisory Services LLC bought a new stake in shares of Unilever in the 1st quarter worth approximately $30,000. Brentview Investment Management LLC acquired a new position in shares of Unilever during the first quarter worth approximately $33,000. Richardson Financial Services Inc. boosted its position in shares of Unilever by 209.0% during the first quarter. Richardson Financial Services Inc. now owns 618 shares of the company’s stock worth $37,000 after buying an additional 418 shares during the period. Financial Connections Group Inc. acquired a new position in shares of Unilever during the second quarter worth approximately $39,000. Finally, Marshall & Sullivan Inc. WA acquired a new position in shares of Unilever during the second quarter worth approximately $55,000. Institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

Shares of NYSE:UL opened at $60.11 on Tuesday. Unilever PLC has a 12 month low of $54.32 and a 12 month high of $65.66. The stock has a market cap of $147.49 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 4.53 and a beta of 0.40. The stock’s 50 day moving average price is $61.43 and its 200 day moving average price is $61.65.

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 issued a $0.5175 dividend. This represents a $2.07 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, August 15th. This is a positive change from Unilever’s previous quarterly dividend of $0.52. Unilever’s dividend payout ratio is currently 59.31%.

Analysts Set New Price Targets

UL has been the subject of several analyst reports. Zacks Research upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 17th. CICC Research initiated coverage on Unilever in a research report on Thursday, August 21st. They set an “outperform” rating for the company. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a research report on Sunday, August 3rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Unilever in a research report on Wednesday, October 8th. Three equities research 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $73.00.

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.