Unilever PLC (NYSE:UL) Shares Acquired by Breakwater Capital Group

Breakwater Capital Group boosted its holdings in Unilever PLC (NYSE:UL) by 4.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,383 shares of the company’s stock after purchasing an additional 318 shares during the quarter. Breakwater Capital Group’s holdings in Unilever were worth $406,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in UL. Red Tortoise LLC purchased a new position in shares of Unilever during the 1st quarter worth about $26,000. ST Germain D J Co. Inc. raised its stake in 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. 1620 Investment Advisors Inc. acquired a new position in shares of Unilever in the 2nd quarter valued at $30,000. Quent Capital LLC acquired a new stake in shares of Unilever during the 1st quarter worth $28,000. Finally, Rise Advisors LLC purchased a new position in shares of Unilever in the 1st quarter worth $28,000. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on UL. StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a research note on Saturday, August 3rd. TD Cowen assumed coverage on shares of Unilever in a report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price target on the stock. Argus boosted their price objective on shares of Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. UBS Group raised shares of Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. Finally, Redburn Atlantic raised shares of Unilever from a “neutral” rating to a “buy” rating in a research report on Friday, June 7th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $61.75.

Unilever Stock Performance

Unilever stock traded up $0.30 during midday trading on Wednesday, hitting $64.39. 3,579,331 shares of the stock were exchanged, compared to its average volume of 2,807,019. Unilever PLC has a 1 year low of $46.16 and a 1 year high of $64.39. The company has a 50 day moving average price of $58.79 and a two-hundred day moving average price of $53.91.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 9th will be paid a $0.4773 dividend. This is a boost from Unilever’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, August 9th. This represents a $1.91 annualized dividend and a dividend yield of 2.97%.

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.