1620 Investment Advisors Inc. Makes New $30,000 Investment in Unilever PLC (NYSE:UL)

1620 Investment Advisors Inc. acquired a new position in Unilever PLC (NYSE:UL) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 545 shares of the company’s stock, valued at approximately $30,000.

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

Unilever Stock Performance

Shares of NYSE:UL traded up $0.72 on Thursday, reaching $62.52. The company’s stock had a trading volume of 4,462,846 shares, compared to its average volume of 2,810,394. The company has a 50-day simple moving average of $58.34 and a 200 day simple moving average of $53.56. Unilever PLC has a 52-week low of $46.16 and a 52-week high of $63.19.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 9th will be given a dividend of $0.4773 per share. This represents a $1.91 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend is Friday, August 9th. This is a positive change from Unilever’s previous quarterly dividend of $0.46.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. raised shares of Unilever from an “underweight” rating to an “overweight” rating in a research report on Thursday, May 23rd. Redburn Atlantic raised Unilever from a “neutral” rating to a “buy” rating in a report on Friday, June 7th. Argus lifted their target price on shares of Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Bank of America raised Unilever from an “underperform” rating to a “buy” rating and upped their price target for the company from $47.00 to $72.00 in a report on Thursday. Finally, TD Cowen started coverage on shares of Unilever in a report 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 issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Unilever currently has a consensus rating of “Hold” and an average target price of $61.75.

About Unilever

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.