Bradley Foster & Sargent Inc. CT Boosts Stock Position in Unilever PLC (NYSE:UL)

Bradley Foster & Sargent Inc. CT increased its stake in Unilever PLC (NYSE:UL) by 35.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,420 shares of the company’s stock after purchasing an additional 2,189 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Unilever were worth $463,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Red Tortoise LLC purchased a new stake in Unilever in the 1st quarter worth approximately $26,000. ST Germain D J Co. Inc. boosted its stake in Unilever by 423.8% during the second quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock valued at $29,000 after buying an additional 428 shares during the period. 1620 Investment Advisors Inc. purchased a new position in Unilever during the second quarter worth about $30,000. Quent Capital LLC bought a new position in Unilever in the 1st quarter worth about $28,000. Finally, Rise Advisors LLC bought a new position in Unilever in the 1st quarter worth about $28,000. 9.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

UL has been the subject of several recent analyst reports. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a report on Saturday, August 3rd. JPMorgan Chase & Co. upgraded shares of Unilever from an “underweight” rating to an “overweight” rating in a research report on Thursday, May 23rd. UBS Group raised shares of Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Bank of America raised Unilever from an “underperform” rating to a “buy” rating and increased their target price for the company from $47.00 to $72.00 in a research note on Thursday, August 22nd. Finally, TD Cowen began coverage on Unilever in a research note on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Unilever currently has a consensus rating of “Hold” and a consensus price target of $61.75.

Unilever Trading Down 0.1 %

Shares of NYSE:UL opened at $64.33 on Friday. The stock has a market capitalization of $160.33 billion, a P/E ratio of 18.76, a price-to-earnings-growth ratio of 1.98 and a beta of 0.48. The stock’s 50-day moving average price is $61.96 and its 200-day moving average price is $55.60. Unilever PLC has a 12-month low of $46.16 and a 12-month high of $65.86.

Unilever Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 9th were paid a $0.4773 dividend. This is a boost from Unilever’s previous quarterly dividend of $0.46. This represents a $1.91 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend was Friday, August 9th. Unilever’s payout ratio is 55.10%.

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.