Unilever PLC (NYSE:UL) Shares Acquired by WCG Wealth Advisors LLC

WCG Wealth Advisors LLC lifted its position in shares of Unilever PLC (NYSE:UL) by 13.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,506 shares of the company’s stock after purchasing an additional 4,088 shares during the period. WCG Wealth Advisors LLC’s holdings in Unilever were worth $1,953,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in UL. Norges Bank purchased a new position in shares of Unilever during the fourth quarter worth about $151,263,000. Fiera Capital Corp grew its holdings 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 worth $117,451,000 after buying an additional 2,027,221 shares during the last quarter. Equity Investment Corp grew its holdings in shares of Unilever by 107.1% during the first quarter. Equity Investment Corp now owns 2,910,751 shares of the company’s stock worth $146,091,000 after buying an additional 1,505,233 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Unilever by 3.3% during the fourth quarter. Wellington Management Group LLP now owns 34,494,131 shares of the company’s stock worth $1,672,275,000 after buying an additional 1,114,417 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of 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 buying an additional 951,446 shares during the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Price Performance

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

Unilever Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 9th were paid a dividend of $0.4773 per share. This is a positive change from Unilever’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, August 9th. This represents a $1.91 annualized dividend and a dividend yield of 2.97%. Unilever’s payout ratio is 55.10%.

Analyst Ratings Changes

UL has been the topic of a number of research reports. TD Cowen began coverage on Unilever in a report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price target on the stock. Redburn Atlantic raised Unilever from a “neutral” rating to a “buy” rating in a report on Friday, June 7th. JPMorgan Chase & Co. raised Unilever from an “underweight” rating to an “overweight” rating in a report on Thursday, May 23rd. UBS Group raised Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Finally, Bank of America raised Unilever from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $47.00 to $72.00 in a report on Thursday, August 22nd. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $61.75.

Unilever Company 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.