Hamlin Capital Management LLC raised its position in Unilever PLC (NYSE:UL - Free Report) by 7.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,667,380 shares of the company's stock after buying an additional 194,165 shares during the period. Unilever accounts for 4.3% of Hamlin Capital Management LLC's investment portfolio, making the stock its 5th biggest holding. Hamlin Capital Management LLC owned 0.11% of Unilever worth $173,273,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Red Tortoise LLC bought a new position in Unilever during the first quarter valued at about $26,000. ST Germain D J Co. Inc. grew its position in shares of Unilever by 423.8% during the 2nd quarter. ST Germain D J Co. Inc. now owns 529 shares of the company's stock valued at $29,000 after acquiring an additional 428 shares during the period. Abich Financial Wealth Management LLC increased its stake in shares of Unilever by 393.5% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company's stock worth $29,000 after purchasing an additional 425 shares during the last quarter. 1620 Investment Advisors Inc. bought a new stake in shares of Unilever in the 2nd quarter worth approximately $30,000. Finally, Quent Capital LLC purchased a new position in Unilever in the first quarter valued at approximately $28,000. Institutional investors own 9.67% of the company's stock.
Analysts Set New Price Targets
Several analysts have issued reports on UL shares. UBS Group upgraded Unilever to a "strong sell" rating in a research note on Tuesday, July 30th. TD Cowen started coverage on Unilever in a research note on Tuesday, July 23rd. They issued a "buy" rating and a $67.00 price objective on the stock. Bank of America upgraded shares of Unilever from an "underperform" rating to a "buy" rating and increased their target price for the stock from $47.00 to $72.00 in a research report on Thursday, August 22nd. Finally, StockNews.com raised shares of Unilever from a "hold" rating to a "buy" rating in a research report on Friday, October 4th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $61.75.
View Our Latest Report on UL
Unilever Trading Down 1.0 %
Shares of Unilever stock traded down $0.61 on Friday, reaching $61.69. The stock had a trading volume of 1,512,274 shares, compared to its average volume of 2,621,845. The business's 50 day moving average is $63.80 and its two-hundred day moving average is $58.20. Unilever PLC has a 1 year low of $46.16 and a 1 year high of $65.87. The company has a market cap of $154.42 billion, a P/E ratio of 18.25, a price-to-earnings-growth ratio of 1.86 and a beta of 0.48.
Unilever Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be paid a $0.4755 dividend. The ex-dividend date is Friday, November 8th. This is a boost from Unilever's previous quarterly dividend of $0.35. This represents a $1.90 annualized dividend and a yield of 3.08%. Unilever's dividend payout ratio is currently 55.62%.
About Unilever
(
Free Report)
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.
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