Unilever PLC (NYSE:UL) Shares Bought by Farther Finance Advisors LLC

Farther Finance Advisors LLC increased its holdings in shares of Unilever PLC (NYSE:UL) by 4.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,369 shares of the company’s stock after acquiring an additional 1,625 shares during the period. Farther Finance Advisors LLC’s holdings in Unilever were worth $2,318,000 as of its most recent SEC filing.

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

Unilever Price Performance

Shares of Unilever stock traded down $0.27 during trading on Friday, hitting $64.79. 3,097,449 shares of the company were exchanged, compared to its average volume of 2,952,686. The firm’s fifty day moving average price is $59.31 and its 200 day moving average price is $54.19. Unilever PLC has a 1-year low of $46.16 and a 1-year high of $65.17.

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 paid a $0.4773 dividend. This represents a $1.91 dividend on an annualized basis and a yield of 2.95%. This is a boost from Unilever’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, August 9th.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. TD Cowen began coverage on shares of Unilever in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 target price for the company. Bank of America raised shares of Unilever from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $47.00 to $72.00 in a research report on Thursday, August 22nd. JPMorgan Chase & Co. raised Unilever from an “underweight” rating to an “overweight” rating in a research note on Thursday, May 23rd. UBS Group upgraded shares of Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Finally, Argus increased their price objective on Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Unilever presently has a consensus rating of “Hold” and a consensus price target 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.