Rehmann Capital Advisory Group Purchases 194 Shares of Unilever PLC $UL

Rehmann Capital Advisory Group grew its position in Unilever PLC (NYSE:UL) by 2.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,314 shares of the company’s stock after purchasing an additional 194 shares during the period. Rehmann Capital Advisory Group’s holdings in Unilever were worth $447,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in UL. Wellington Management Group LLP grew its position in Unilever by 13.9% in the 1st quarter. Wellington Management Group LLP now owns 28,100,442 shares of the company’s stock worth $1,673,381,000 after purchasing an additional 3,421,054 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Unilever by 2.5% in the first quarter. Envestnet Asset Management Inc. now owns 3,925,891 shares of the company’s stock valued at $233,787,000 after acquiring an additional 95,359 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of Unilever by 7.1% in the first quarter. Raymond James Financial Inc. now owns 3,340,231 shares of the company’s stock valued at $198,911,000 after acquiring an additional 221,958 shares in the last quarter. Hamlin Capital Management LLC increased its position in shares of Unilever by 0.5% during the second quarter. Hamlin Capital Management LLC now owns 3,085,571 shares of the company’s stock valued at $188,744,000 after acquiring an additional 14,711 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Unilever by 4.3% during the first quarter. Northern Trust Corp now owns 2,260,133 shares of the company’s stock valued at $134,591,000 after acquiring an additional 93,677 shares during the last quarter. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on UL shares. Zacks Research downgraded Unilever from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 16th. Weiss Ratings restated a “buy (b)” rating on shares of Unilever in a research note on Wednesday, October 8th. CICC Research initiated coverage on Unilever in a research note on Thursday, August 21st. They issued an “outperform” rating for the company. Finally, Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a report on Sunday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Unilever has a consensus rating of “Moderate Buy” and a consensus target price of $73.00.

Unilever Stock Performance

NYSE UL opened at $62.28 on Friday. Unilever PLC has a 52-week low of $54.32 and a 52-week high of $65.66. The company has a 50-day simple moving average of $61.58 and a 200 day simple moving average of $61.75. The company has a market capitalization of $152.82 billion, a PE ratio of 17.85, a price-to-earnings-growth ratio of 4.68 and a beta of 0.40.

Unilever Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 15th were paid a dividend of $0.5175 per share. This is an increase from Unilever’s previous quarterly dividend of $0.52. This represents a $2.07 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Friday, August 15th. Unilever’s dividend 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.