Vanguard Personalized Indexing Management LLC Acquires 10,512 Shares of Unilever PLC (NYSE:UL)

Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Unilever PLC (NYSE:UL) by 20.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,106 shares of the company’s stock after purchasing an additional 10,512 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Unilever were worth $3,445,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Argent Trust Co grew its position in Unilever by 3.5% in the 2nd quarter. Argent Trust Co now owns 33,062 shares of the company’s stock worth $1,818,000 after purchasing an additional 1,117 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in Unilever by 14.3% during the second quarter. Mercer Global Advisors Inc. ADV now owns 164,607 shares of the company’s stock worth $9,052,000 after buying an additional 20,643 shares in the last quarter. Bradley Foster & Sargent Inc. CT grew its position in Unilever by 35.1% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 8,420 shares of the company’s stock worth $463,000 after buying an additional 2,189 shares in the last quarter. Financial & Tax Architects LLC increased its stake in Unilever by 27.8% during the second quarter. Financial & Tax Architects LLC now owns 9,113 shares of the company’s stock valued at $501,000 after acquiring an additional 1,983 shares during the period. Finally, Axxcess Wealth Management LLC acquired a new position in Unilever in the 2nd quarter valued at approximately $454,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Bank of America upgraded Unilever from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $47.00 to $72.00 in a research report on Thursday, August 22nd. TD Cowen initiated coverage on shares of Unilever in a report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price objective for the company. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research report on Saturday, August 3rd. UBS Group raised shares of Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. Finally, Redburn Atlantic upgraded shares of Unilever from a “neutral” rating to a “buy” rating in a research note on Friday, June 7th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $61.75.

Unilever Stock Down 0.1 %

Shares of Unilever stock opened at $64.33 on Friday. The stock has a market capitalization of $160.33 billion, a P/E ratio of 18.76, a price-to-earnings-growth ratio of 1.98 and a beta of 0.48. Unilever PLC has a 12-month low of $46.16 and a 12-month high of $65.86. The company has a 50-day simple moving average of $61.96 and a 200 day simple moving average of $55.60.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 9th were paid a $0.4773 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 2.97%. This is a boost from Unilever’s previous quarterly dividend of $0.46. Unilever’s payout ratio is 55.10%.

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.