TFC Financial Management Inc. Buys 1,087 Shares of Unilever PLC $UL

TFC Financial Management Inc. raised its stake in Unilever PLC (NYSE:UL) by 929.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,204 shares of the company’s stock after acquiring an additional 1,087 shares during the period. TFC Financial Management Inc.’s holdings in Unilever were worth $74,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. N.E.W. Advisory Services LLC bought a new stake in Unilever in the 1st quarter valued at $30,000. Brentview Investment Management LLC bought a new stake in Unilever in the 1st quarter valued at $33,000. Richardson Financial Services Inc. increased its holdings in shares of Unilever by 209.0% in the 1st 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 last quarter. Financial Connections Group Inc. bought a new stake in shares of Unilever in the 2nd quarter worth about $39,000. Finally, Marshall & Sullivan Inc. WA bought a new stake in shares of Unilever in the 2nd quarter worth about $55,000. 9.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on UL. Zacks Research upgraded shares of Unilever from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 17th. CICC Research began coverage on shares of Unilever in a report on Thursday, August 21st. They issued an “outperform” rating on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Unilever in a report on Wednesday, October 8th. Finally, Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a report on Sunday, August 3rd. Three 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 assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $73.00.

Unilever Price Performance

Unilever stock opened at $62.04 on Friday. The stock has a market cap of $152.22 billion, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 4.59 and a beta of 0.40. Unilever PLC has a 1 year low of $54.32 and a 1 year high of $65.66. The firm has a 50-day moving average of $61.47 and a two-hundred day moving average of $61.66.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 15th were given a $0.5175 dividend. This is a positive change from Unilever’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.07 annualized dividend and a yield of 3.3%. Unilever’s dividend payout ratio is presently 59.31%.

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.