Oppenheimer Asset Management Inc. Has $35.64 Million Stock Holdings in Unilever PLC (NYSE:UL)

Oppenheimer Asset Management Inc. increased its position in Unilever PLC (NYSE:UL) by 12.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 648,117 shares of the company’s stock after purchasing an additional 69,285 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Unilever were worth $35,640,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Red Tortoise LLC bought a new position in shares of Unilever in the 1st quarter valued at about $26,000. ST Germain D J Co. Inc. boosted its stake in Unilever by 423.8% in the second quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock valued at $29,000 after acquiring an additional 428 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new stake in Unilever during the 2nd quarter worth $30,000. Quent Capital LLC bought a new stake in shares of Unilever during the 1st quarter valued at $28,000. Finally, Rise Advisors LLC acquired a new position in shares of Unilever in the 1st quarter valued at $28,000. 9.67% of the stock is owned by institutional investors.

Unilever Stock Up 0.3 %

Shares of UL opened at $65.06 on Friday. The firm’s 50 day moving average price is $61.26 and its two-hundred day moving average price is $55.17. Unilever PLC has a twelve month low of $46.16 and a twelve month high of $65.86.

Unilever Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 9th were paid a $0.4773 dividend. The ex-dividend date of this dividend was Friday, August 9th. This is a positive change from Unilever’s previous quarterly dividend of $0.46. This represents a $1.91 dividend on an annualized basis and a yield of 2.93%.

Wall Street Analysts Forecast Growth

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