WCG Wealth Advisors LLC Grows Stock Holdings in Unilever PLC (NYSE:UL)

WCG Wealth Advisors LLC raised its position in shares of Unilever PLC (NYSE:UL) by 13.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,506 shares of the company’s stock after buying an additional 4,088 shares during the period. WCG Wealth Advisors LLC’s holdings in Unilever were worth $1,953,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of UL. Red Tortoise LLC acquired a new stake in shares of Unilever in the first quarter valued at $26,000. Rise Advisors LLC acquired a new stake in shares of Unilever in the first quarter valued at $28,000. Quent Capital LLC acquired a new stake in shares of Unilever in the first quarter valued at $28,000. ST Germain D J Co. Inc. raised its stake in shares of Unilever by 423.8% in the second 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 in the last quarter. Finally, YHB Investment Advisors Inc. acquired a new stake in shares of Unilever in the first quarter valued at $30,000. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Unilever Price Performance

Unilever stock opened at $64.33 on Friday. The stock’s fifty day moving average is $61.96 and its two-hundred day moving average is $55.60. Unilever PLC has a 1-year low of $46.16 and a 1-year high of $65.86. The stock has a market cap of $160.33 billion, a PE ratio of 18.76, a P/E/G ratio of 1.98 and a beta of 0.48.

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 given a dividend of $0.4773 per share. The ex-dividend date 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%.

Analyst Upgrades and Downgrades

UL has been the topic of several analyst reports. Redburn Atlantic upgraded Unilever from a “neutral” rating to a “buy” rating in a research note on Friday, June 7th. Bank of America upgraded Unilever from an “underperform” rating to a “buy” rating and increased their price objective for the company from $47.00 to $72.00 in a research note on Thursday, August 22nd. TD Cowen assumed coverage on Unilever in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price target on the stock. JPMorgan Chase & Co. upgraded Unilever from an “underweight” rating to an “overweight” rating in a research note on Thursday, May 23rd. Finally, StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a research note on Saturday, August 3rd. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $61.75.

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.