JPL Wealth Management LLC Purchases 1,471 Shares of Unilever PLC (NYSE:UL)

JPL Wealth Management LLC raised its holdings in shares of Unilever PLC (NYSE:UL) by 3.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 41,625 shares of the company’s stock after purchasing an additional 1,471 shares during the period. JPL Wealth Management LLC’s holdings in Unilever were worth $2,289,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Crewe Advisors LLC raised its stake in Unilever by 17.3% during the 2nd quarter. Crewe Advisors LLC now owns 1,186 shares of the company’s stock valued at $65,000 after buying an additional 175 shares during the last quarter. Bailard Inc. lifted its stake in shares of Unilever by 1.2% in the 2nd quarter. Bailard Inc. now owns 15,014 shares of the company’s stock worth $826,000 after purchasing an additional 179 shares during the period. V Square Quantitative Management LLC boosted its holdings in shares of Unilever by 3.6% in the second quarter. V Square Quantitative Management LLC now owns 5,772 shares of the company’s stock worth $318,000 after buying an additional 198 shares during the last quarter. Avidian Wealth Solutions LLC grew its position in Unilever by 1.0% during the fourth quarter. Avidian Wealth Solutions LLC now owns 21,616 shares of the company’s stock valued at $1,048,000 after buying an additional 216 shares during the period. Finally, Webster Bank N. A. raised its position in Unilever by 54.3% in the second quarter. Webster Bank N. A. now owns 617 shares of the company’s stock worth $34,000 after acquiring an additional 217 shares during the period. Institutional investors own 9.67% of the company’s stock.

Unilever Stock Down 0.4 %

UL stock traded down $0.27 during mid-day trading on Friday, hitting $64.79. The company had a trading volume of 3,097,449 shares, compared to its average volume of 2,952,686. The company has a 50-day moving average price of $59.31 and a 200 day moving average price of $54.19. Unilever PLC has a 12-month low of $46.16 and a 12-month high of $65.17.

Unilever Increases Dividend

The company also recently announced 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. This is an increase from Unilever’s previous quarterly dividend of $0.46. This represents a $1.91 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date is Friday, August 9th.

Analysts Set New Price Targets

Several research firms recently weighed in on UL. TD Cowen started coverage on Unilever in a research report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 target price on the stock. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a report on Saturday, August 3rd. UBS Group upgraded shares of Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. upgraded shares of Unilever from an “underweight” rating to an “overweight” rating in a research report on Thursday, May 23rd. Finally, Argus upped 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. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $61.75.

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.