Game Plan Financial Advisors LLC Purchases New Shares in Unilever PLC $UL

Game Plan Financial Advisors LLC acquired a new stake in Unilever PLC (NYSE:UL) during the first quarter, HoldingsChannel reports. The fund acquired 31,152 shares of the company’s stock, valued at approximately $1,855,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its holdings in Unilever by 33.2% in the 1st quarter. Bank of New York Mellon Corp now owns 934,804 shares of the company’s stock valued at $55,668,000 after buying an additional 232,945 shares in the last quarter. Stonegate Investment Group LLC grew its holdings in Unilever by 69.7% in the 1st quarter. Stonegate Investment Group LLC now owns 14,282 shares of the company’s stock valued at $850,000 after buying an additional 5,867 shares in the last quarter. Wellington Management Group LLP grew its holdings in Unilever by 13.9% in the 1st quarter. Wellington Management Group LLP now owns 28,100,442 shares of the company’s stock valued at $1,673,381,000 after buying an additional 3,421,054 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Unilever by 65.1% in the 1st quarter. Russell Investments Group Ltd. now owns 232,096 shares of the company’s stock valued at $13,821,000 after buying an additional 91,511 shares in the last quarter. Finally, Banco Santander S.A. grew its holdings in Unilever by 70.6% in the 1st quarter. Banco Santander S.A. now owns 15,030 shares of the company’s stock valued at $895,000 after buying an additional 6,220 shares in the last quarter. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Stock Performance

NYSE:UL opened at $64.04 on Tuesday. The stock has a fifty day moving average price of $61.42 and a 200-day moving average price of $61.27. The company has a market cap of $157.13 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 3.98 and a beta of 0.40. Unilever PLC has a fifty-two week low of $54.32 and a fifty-two week high of $65.87.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.5175 per share. This is an increase from Unilever’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.07 dividend on an annualized basis and a dividend yield of 3.2%. Unilever’s payout ratio is presently 59.31%.

Wall Street Analysts Forecast Growth

UL has been the topic of a number of research reports. BNP Paribas Exane initiated coverage on Unilever in a report on Thursday, May 29th. They issued an “outperform” rating and a $73.00 price objective on the stock. CICC Research began coverage on Unilever in a report on Thursday, August 21st. They issued an “outperform” rating on the stock. BNP Paribas upgraded Unilever to a “strong-buy” rating in a research report on Thursday, May 29th. Finally, Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a research report on Sunday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Unilever presently has a consensus rating of “Moderate Buy” and a consensus target price 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.