18,050 Shares in Unilever PLC (NYSE:UL) Acquired by Bridges Investment Management Inc.

Bridges Investment Management Inc. bought a new stake in shares of Unilever PLC (NYSE:UL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 18,050 shares of the company’s stock, valued at approximately $993,000.

Several other institutional investors have also recently made changes to their positions in UL. Red Tortoise LLC purchased a new position in shares of Unilever in the first quarter valued at $26,000. ST Germain D J Co. Inc. boosted its stake in Unilever by 423.8% in the 2nd quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after purchasing an additional 428 shares during the period. 1620 Investment Advisors Inc. purchased a new position in Unilever during the 2nd quarter valued at about $30,000. Quent Capital LLC purchased a new position in Unilever during the 1st quarter valued at about $28,000. Finally, Rise Advisors LLC bought a new stake in shares of Unilever during the first quarter valued at about $28,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Stock Performance

NYSE UL opened at $64.41 on Friday. The company has a market capitalization of $160.53 billion, a P/E ratio of 18.78, a P/E/G ratio of 1.98 and a beta of 0.48. Unilever PLC has a 52-week low of $46.16 and a 52-week high of $65.86. The company has a fifty day moving average of $62.09 and a 200-day moving average of $55.71.

Unilever Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 9th were paid a dividend of $0.4773 per share. The ex-dividend date was Friday, August 9th. This represents a $1.91 annualized dividend and a yield of 2.96%. This is a positive change from Unilever’s previous quarterly dividend of $0.46. Unilever’s payout ratio is 55.10%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Bank of America raised shares of Unilever from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $47.00 to $72.00 in a research note on Thursday, August 22nd. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a report on Saturday, August 3rd. Redburn Atlantic raised shares of Unilever from a “neutral” rating to a “buy” rating in a report on Friday, June 7th. UBS Group raised Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. Finally, TD Cowen started coverage on Unilever in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 target price on the stock. Three 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, the stock presently 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.