Atlatl Advisers LLC Buys New Position in Unilever PLC $UL

Atlatl Advisers LLC bought a new stake in shares of Unilever PLC (NYSE:UL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,330 shares of the company’s stock, valued at approximately $326,000.

Other large investors have also bought and sold shares of the company. N.E.W. Advisory Services LLC bought a new position in Unilever during the first quarter valued at about $30,000. Brentview Investment Management LLC purchased a new stake in shares of Unilever during the first quarter valued at $33,000. Richardson Financial Services Inc. lifted its holdings in shares of Unilever by 209.0% during the first quarter. Richardson Financial Services Inc. now owns 618 shares of the company’s stock valued at $37,000 after purchasing an additional 418 shares during the last quarter. Financial Connections Group Inc. purchased a new stake in shares of Unilever during the second quarter valued at $39,000. Finally, Marshall & Sullivan Inc. WA purchased a new stake in shares of Unilever during the second quarter valued at $55,000. Institutional investors own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on UL. CICC Research assumed coverage on Unilever in a report on Thursday, August 21st. They set an “outperform” rating for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Unilever in a research note on Friday. Zacks Research downgraded Unilever from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 16th. Finally, Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a research note on Sunday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Unilever presently has an average rating of “Moderate Buy” and an average price target of $73.00.

Unilever Price Performance

Shares of NYSE UL opened at $62.64 on Friday. The business’s 50-day simple moving average is $61.62 and its 200-day simple moving average is $61.81. Unilever PLC has a 52 week low of $54.32 and a 52 week high of $65.66.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 7th will be issued a dividend of $0.5258 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 3.4%. This is a positive change from Unilever’s previous quarterly dividend of $0.52.

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.