BSW Wealth Partners Has $516,000 Holdings in Unilever PLC $UL

BSW Wealth Partners raised its position in shares of Unilever PLC (NYSE:UL) by 12.8% in the second quarter, HoldingsChannel reports. The fund owned 8,428 shares of the company’s stock after acquiring an additional 955 shares during the period. BSW Wealth Partners’ holdings in Unilever were worth $516,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Mission Wealth Management LP grew its holdings in Unilever by 1.4% during the 1st quarter. Mission Wealth Management LP now owns 11,497 shares of the company’s stock worth $685,000 after acquiring an additional 159 shares during the last quarter. Gallacher Capital Management LLC lifted its holdings in shares of Unilever by 1.9% during the second quarter. Gallacher Capital Management LLC now owns 8,700 shares of the company’s stock worth $532,000 after purchasing an additional 165 shares during the period. Essex Financial Services Inc. grew its stake in shares of Unilever by 1.0% in the first quarter. Essex Financial Services Inc. now owns 16,246 shares of the company’s stock worth $967,000 after purchasing an additional 168 shares during the last quarter. SBI Securities Co. Ltd. grew its stake in shares of Unilever by 0.8% in the first quarter. SBI Securities Co. Ltd. now owns 21,492 shares of the company’s stock worth $1,280,000 after purchasing an additional 172 shares during the last quarter. Finally, Cardinal Capital Management increased its holdings in Unilever by 0.4% in 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 period. Institutional investors own 9.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on UL. CICC Research started coverage on Unilever in a report on Thursday, August 21st. They set an “outperform” rating on the stock. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a research note on Sunday, August 3rd. Finally, Zacks Research upgraded 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, three have issued a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $73.00.

Unilever Stock Down 0.8%

Shares of UL stock opened at $58.80 on Thursday. The company has a market cap of $144.27 billion, a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 3.57 and a beta of 0.41. Unilever PLC has a 52 week low of $54.32 and a 52 week high of $65.66. The firm has a 50 day moving average of $61.53 and a 200-day moving average of $61.59.

Unilever Increases Dividend

The business 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 annualized dividend and a yield of 3.5%. This is an increase from Unilever’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, August 15th. Unilever’s payout ratio 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.