SL Advisors LLC Invests $168,000 in Unilever PLC (NYSE:UL)

SL Advisors LLC purchased a new stake in shares of Unilever PLC (NYSE:UL) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,590 shares of the company’s stock, valued at approximately $168,000.

A number of other large investors have also added to or reduced their stakes in UL. Red Tortoise LLC bought a new position in shares of Unilever during the 1st quarter valued at approximately $26,000. ST Germain D J Co. Inc. lifted its stake in 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 purchasing an additional 428 shares during the last quarter. Abich Financial Wealth Management LLC grew its holdings in Unilever by 393.5% during the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock valued at $29,000 after purchasing an additional 425 shares during the period. 1620 Investment Advisors Inc. purchased a new stake in Unilever in the second quarter worth $30,000. Finally, Quent Capital LLC bought a new stake in shares of Unilever in the first quarter valued at $28,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on UL. UBS Group raised Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. Bank of America raised shares of Unilever from an “underperform” rating to a “buy” rating and upped their price objective for the company from $47.00 to $72.00 in a report on Thursday, August 22nd. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a report on Friday, October 4th. Finally, TD Cowen assumed coverage on Unilever in a report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 target price for the company. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Unilever has a consensus rating of “Hold” and an average price target of $61.75.

Unilever Stock Performance

Shares of NYSE UL opened at $62.89 on Wednesday. The stock’s 50-day simple moving average is $63.41 and its two-hundred day simple moving average is $56.96. Unilever PLC has a twelve month low of $46.16 and a twelve month 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 given a $0.4773 dividend. This represents a $1.91 annualized dividend and a dividend yield of 3.04%. This is a boost from Unilever’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, August 9th.

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.