Unilever PLC (NYSE:UL) Shares Acquired by InTrack Investment Management Inc

InTrack Investment Management Inc lifted its stake in shares of Unilever PLC (NYSE:UL) by 95.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,952 shares of the company’s stock after purchasing an additional 13,633 shares during the period. Unilever comprises about 1.0% of InTrack Investment Management Inc’s investment portfolio, making the stock its 28th biggest holding. InTrack Investment Management Inc’s holdings in Unilever were worth $1,403,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of UL. Jones Financial Companies Lllp grew its position in shares of Unilever by 111.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 552 shares of the company’s stock valued at $27,000 after buying an additional 291 shares during the last quarter. Life Planning Partners Inc acquired a new position in Unilever in the fourth quarter valued at approximately $27,000. Rise Advisors LLC bought a new position in shares of Unilever during the first quarter valued at approximately $28,000. VisionPoint Advisory Group LLC raised its position in shares of Unilever by 215.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock worth $29,000 after purchasing an additional 400 shares during the period. Finally, Voisard Asset Management Group Inc. bought a new stake in shares of Unilever in the 4th quarter worth approximately $31,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on UL shares. StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. Redburn Atlantic raised shares of Unilever from a “neutral” rating to a “buy” rating in a report on Friday, June 7th. Argus boosted their target price on shares of Unilever from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Finally, JPMorgan Chase & Co. upgraded shares of Unilever from an “underweight” rating to an “overweight” rating in a research report on Thursday, May 23rd. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $54.00.

Unilever Stock Performance

UL traded up $0.13 on Tuesday, reaching $54.84. The company had a trading volume of 1,673,762 shares, compared to its average volume of 2,764,103. The company has a fifty day moving average of $54.17 and a 200-day moving average of $50.74. Unilever PLC has a one year low of $46.16 and a one year high of $56.47.

Unilever Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were issued a $0.4556 dividend. This represents a $1.82 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend was Thursday, May 16th.

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.