Legacy Financial Advisors Inc. Buys 843 Shares of Unilever PLC (NYSE:UL)

Legacy Financial Advisors Inc. raised its position in shares of Unilever PLC (NYSE:UL) by 5.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,502 shares of the company’s stock after buying an additional 843 shares during the period. Legacy Financial Advisors Inc.’s holdings in Unilever were worth $907,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in Unilever in the 4th quarter valued at $151,263,000. Fiera Capital Corp grew its position in shares of Unilever by 1,866.0% in the 2nd quarter. Fiera Capital Corp now owns 2,135,859 shares of the company’s stock valued at $117,451,000 after purchasing an additional 2,027,221 shares during the period. Equity Investment Corp increased its position in shares of Unilever by 107.1% during the first quarter. Equity Investment Corp now owns 2,910,751 shares of the company’s stock worth $146,091,000 after acquiring an additional 1,505,233 shares in the last quarter. Wellington Management Group LLP increased its holdings in Unilever by 3.3% during the 4th quarter. Wellington Management Group LLP now owns 34,494,131 shares of the company’s stock worth $1,672,275,000 after purchasing an additional 1,114,417 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of Unilever by 9.6% during the fourth quarter. Fisher Asset Management LLC now owns 10,830,250 shares of the company’s stock worth $525,051,000 after buying an additional 951,446 shares in the last quarter. Institutional investors own 9.67% of the company’s stock.

Unilever Stock Performance

Unilever stock opened at $64.41 on Friday. Unilever PLC has a fifty-two week low of $46.16 and a fifty-two week high of $65.86. The firm’s 50-day simple moving average is $62.09 and its 200 day simple moving average is $55.71. The stock has a market cap of $160.53 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 1.98 and a beta of 0.48.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 9th were given a dividend of $0.4773 per share. This represents a $1.91 dividend on an annualized basis and a dividend yield of 2.96%. This is an increase from Unilever’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, August 9th. Unilever’s dividend payout ratio (DPR) is presently 55.10%.

Analysts Set New Price Targets

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

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.