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

Bridges Investment Management Inc. purchased a new stake in shares of Unilever PLC (NYSE:UL) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 18,050 shares of the company’s stock, valued at approximately $993,000.

A number of other hedge funds have also added to or reduced their stakes in UL. Red Tortoise LLC purchased a new position in shares of Unilever during the first quarter valued at approximately $26,000. Rise Advisors LLC purchased a new position in Unilever during the 1st quarter worth $28,000. Quent Capital LLC bought a new stake in shares of Unilever in the 1st quarter worth $28,000. ST Germain D J Co. Inc. grew its stake in shares of 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 acquiring an additional 428 shares in the last quarter. Finally, YHB Investment Advisors Inc. purchased a new stake in shares of Unilever in the first quarter valued at about $30,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Analyst Ratings Changes

UL has been the topic of several analyst reports. Redburn Atlantic upgraded shares of Unilever from a “neutral” rating to a “buy” rating in a report on Friday, June 7th. 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. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a research report on Saturday, August 3rd. Bank of America raised Unilever from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $47.00 to $72.00 in a research report on Thursday, August 22nd. Finally, UBS Group raised Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $61.75.

Unilever Price 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. The business has a fifty day simple moving average of $62.09 and a two-hundred day simple moving average of $55.71. Unilever PLC has a 1 year low of $46.16 and a 1 year high of $65.86.

Unilever Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 9th were issued a $0.4773 dividend. 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 dividend payout ratio (DPR) is 55.10%.

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.