U.S. Capital Wealth Advisors LLC Makes New Investment in Unilever PLC (NYSE:UL)

U.S. Capital Wealth Advisors LLC acquired a new stake in Unilever PLC (NYSE:UL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,263 shares of the company’s stock, valued at approximately $344,000.

Several other hedge funds also recently bought and sold shares of UL. Red Tortoise LLC acquired a new stake in Unilever in the first quarter valued at approximately $26,000. Rise Advisors LLC purchased a new stake in shares of Unilever during the 1st quarter worth $28,000. Quent Capital LLC purchased a new stake in shares of Unilever during the 1st quarter worth $28,000. ST Germain D J Co. Inc. boosted its position in shares of Unilever by 423.8% during 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 in the last quarter. Finally, YHB Investment Advisors Inc. acquired a new stake in Unilever in the 1st quarter valued at about $30,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Analyst Upgrades and Downgrades

UL has been the topic of a number of recent research reports. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a report on Saturday, August 3rd. TD Cowen started coverage on shares of Unilever in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price objective for the company. Argus increased their price objective on shares of Unilever from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Redburn Atlantic raised shares of Unilever from a “neutral” rating to a “buy” rating in a research report on Friday, June 7th. Finally, UBS Group upgraded Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. Four equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $58.33.

Unilever Stock Down 0.8 %

NYSE UL traded down $0.50 during trading on Friday, hitting $60.44. The company’s stock had a trading volume of 4,222,484 shares, compared to its average volume of 2,834,799. The firm has a 50 day moving average price of $57.36 and a 200 day moving average price of $52.76. The firm has a market cap of $151.04 billion, a P/E ratio of 17.93, a price-to-earnings-growth ratio of 3.32 and a beta of 0.46. Unilever PLC has a 52 week low of $46.16 and a 52 week high of $62.65.

Unilever Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 9th will be given a dividend of $0.4773 per share. The ex-dividend date is Friday, August 9th. This is a boost from Unilever’s previous quarterly dividend of $0.46. This represents a $1.91 dividend on an annualized basis and a dividend yield of 3.16%. Unilever’s payout ratio is currently 53.41%.

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.