Unilever PLC (NYSE:UL) Shares Bought by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC boosted its stake in shares of Unilever PLC (NYSE:UL) by 97.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 22,366 shares of the company’s stock after purchasing an additional 11,040 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Unilever were worth $1,229,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allen Wealth Management LLC acquired a new position in Unilever during the fourth quarter worth $2,415,000. Diversify Advisory Services LLC acquired a new position in shares of Unilever in the 1st quarter valued at $863,000. Virtu Financial LLC acquired a new position in shares of Unilever in the 4th quarter valued at $867,000. First Trust Advisors LP lifted its stake in shares of Unilever by 6.6% in the 4th quarter. First Trust Advisors LP now owns 1,452,545 shares of the company’s stock valued at $70,419,000 after purchasing an additional 90,245 shares during the last quarter. Finally, Empowered Funds LLC acquired a new position in shares of Unilever in the 1st quarter valued at $684,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on UL shares. 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 research note on Thursday, August 22nd. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a research note on Saturday, August 3rd. Redburn Atlantic raised Unilever from a “neutral” rating to a “buy” rating in a research note on Friday, June 7th. UBS Group upgraded Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Finally, TD Cowen initiated coverage on Unilever in a report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price objective on the stock. Three 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $61.75.

Unilever Trading Up 0.3 %

UL opened at $65.06 on Friday. Unilever PLC has a one year low of $46.16 and a one year high of $65.86. The business’s 50-day simple moving average is $61.26 and its 200-day simple moving average is $55.21.

Unilever Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.93%. This is an increase from Unilever’s previous quarterly dividend of $0.46.

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.