Sanctuary Advisors LLC Makes New $5.42 Million Investment in Unilever PLC (NYSE:UL)

Sanctuary Advisors LLC purchased a new stake in Unilever PLC (NYSE:UL) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 105,709 shares of the company’s stock, valued at approximately $5,417,000.

Other large investors also recently made changes to their positions in the company. Allen Wealth Management LLC acquired a new position in shares of Unilever during the 4th quarter worth approximately $2,415,000. Diversify Advisory Services LLC bought a new position in shares of Unilever in the first quarter valued at about $863,000. Virtu Financial LLC bought a new stake in shares of Unilever during the 4th quarter worth about $867,000. First Trust Advisors LP grew its stake in Unilever by 6.6% in the 4th quarter. First Trust Advisors LP now owns 1,452,545 shares of the company’s stock valued at $70,419,000 after buying an additional 90,245 shares during the last quarter. Finally, Empowered Funds LLC acquired a new position in Unilever during the first quarter valued at approximately $684,000. Institutional investors own 9.67% of the company’s stock.

Unilever Stock Performance

Shares of NYSE UL opened at $62.84 on Friday. The firm has a 50 day moving average price of $63.39 and a two-hundred day moving average price of $56.77. Unilever PLC has a 52-week low of $46.16 and a 52-week high of $65.87.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 9th were issued a $0.4773 dividend. This represents a $1.91 dividend on an annualized basis and a yield of 3.04%. This is an increase from Unilever’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, August 9th.

Analyst Ratings Changes

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

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.