Sanctuary Advisors LLC Buys New Shares in Unilever PLC (NYSE:UL)

Sanctuary Advisors LLC acquired a new position in Unilever PLC (NYSE:UL) in the 2nd quarter, HoldingsChannel reports. The firm acquired 105,709 shares of the company’s stock, valued at approximately $5,417,000.

A number of other large investors also recently modified their holdings of UL. Mayflower Financial Advisors LLC raised its position in Unilever by 4.1% in the 2nd quarter. Mayflower Financial Advisors LLC now owns 4,193 shares of the company’s stock valued at $231,000 after buying an additional 167 shares during the last quarter. O Brien Greene & Co. Inc grew its position in Unilever by 2.7% during the second quarter. O Brien Greene & Co. Inc now owns 6,653 shares of the company’s stock valued at $366,000 after buying an additional 174 shares during the period. Crewe Advisors LLC increased its holdings in Unilever by 17.3% during the second quarter. Crewe Advisors LLC now owns 1,186 shares of the company’s stock worth $65,000 after buying an additional 175 shares during the last quarter. Bailard Inc. grew its position in shares of Unilever by 1.2% during the 2nd quarter. Bailard Inc. now owns 15,014 shares of the company’s stock valued at $826,000 after acquiring an additional 179 shares during the period. Finally, Gallacher Capital Management LLC grew its holdings in Unilever by 2.5% during the second quarter. Gallacher Capital Management LLC now owns 7,575 shares of the company’s stock valued at $417,000 after purchasing an additional 182 shares during the period. Institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

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

Unilever Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors 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 of this dividend was Friday, August 9th. This represents a $1.91 annualized dividend and a yield of 3.04%.

Analyst Ratings Changes

Several equities research analysts have commented on UL shares. Redburn Atlantic raised shares of Unilever from a “neutral” rating to a “buy” rating in a report on Friday, June 7th. TD Cowen started coverage on shares of Unilever in a research note on Tuesday, July 23rd. They issued 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 report on Friday. UBS Group raised Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Finally, Bank of America upgraded 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. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.