Unilever PLC (NYSE:UL) Shares Purchased by Creative Planning

Creative Planning boosted its stake in shares of Unilever PLC (NYSE:UL) by 9.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 271,907 shares of the company’s stock after buying an additional 24,235 shares during the quarter. Creative Planning’s holdings in Unilever were worth $14,952,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in UL. Red Tortoise LLC acquired a new stake in shares of Unilever in the 1st quarter valued at $26,000. Rise Advisors LLC purchased a new position in Unilever in the first quarter valued at $28,000. Quent Capital LLC acquired a new stake in Unilever in the first quarter valued at $28,000. ST Germain D J Co. Inc. lifted its holdings in Unilever by 423.8% during the 2nd quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after buying an additional 428 shares during the last quarter. Finally, Abich Financial Wealth Management LLC boosted its position 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 acquiring an additional 425 shares in the last quarter. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Stock Down 0.7 %

NYSE:UL opened at $64.95 on Tuesday. Unilever PLC has a fifty-two week low of $46.16 and a fifty-two week high of $65.87. The firm’s 50 day moving average is $62.97 and its two-hundred day moving average is $56.47.

Unilever Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 9th were given a $0.4773 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.91 annualized dividend and a dividend yield of 2.94%. This is a positive change from Unilever’s previous quarterly dividend of $0.46.

Wall Street Analysts Forecast Growth

UL has been the topic of a number of research analyst reports. UBS Group raised shares of Unilever to a “strong sell” rating in a report on Tuesday, July 30th. TD Cowen initiated coverage on shares of Unilever in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price target for the company. StockNews.com lowered Unilever from a “buy” rating to a “hold” rating in a report on Thursday, September 26th. Bank of America upgraded Unilever from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $47.00 to $72.00 in a research report on Thursday, August 22nd. Finally, Redburn Atlantic raised Unilever from a “neutral” rating to a “buy” rating in a research report on Friday, June 7th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Unilever 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.