Summit Trail Advisors LLC Boosts Holdings in Unilever PLC (NYSE:UL)

Summit Trail Advisors LLC increased its position in shares of Unilever PLC (NYSE:UL) by 161.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,937 shares of the company’s stock after buying an additional 9,222 shares during the quarter. Summit Trail Advisors LLC’s holdings in Unilever were worth $821,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Fiera Capital Corp increased its position in shares of Unilever by 1,866.0% during the second quarter. Fiera Capital Corp now owns 2,135,859 shares of the company’s stock valued at $117,451,000 after acquiring an additional 2,027,221 shares during the last quarter. Equity Investment Corp increased its holdings in Unilever by 107.1% in the 1st quarter. Equity Investment Corp now owns 2,910,751 shares of the company’s stock valued at $146,091,000 after purchasing an additional 1,505,233 shares during the last quarter. Wellington Management Group LLP raised its position in Unilever by 3.3% in the fourth quarter. Wellington Management Group LLP now owns 34,494,131 shares of the company’s stock valued at $1,672,275,000 after purchasing an additional 1,114,417 shares during the period. Fisher Asset Management LLC lifted its stake in 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 purchasing an additional 951,446 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Unilever by 26.2% during the second quarter. Dimensional Fund Advisors LP now owns 4,384,944 shares of the company’s stock worth $241,145,000 after purchasing an additional 911,443 shares in the last quarter. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Unilever Stock Up 0.1 %

Shares of Unilever stock opened at $64.41 on Monday. Unilever PLC has a 52-week low of $46.16 and a 52-week high of $65.86. The company has a market capitalization of $161.23 billion, a P/E ratio of 18.78, a P/E/G ratio of 1.98 and a beta of 0.48. The company has a 50 day moving average of $62.09 and a 200 day moving average of $55.80.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 9th were paid a dividend of $0.4773 per share. 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 2.96%. This is an increase from Unilever’s previous quarterly dividend of $0.46. Unilever’s payout ratio is presently 54.81%.

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.