Stablepoint Partners LLC Has $5.42 Million Stock Holdings in Unilever PLC (NYSE:UL)

Stablepoint Partners LLC lessened its holdings in Unilever PLC (NYSE:UL) by 1.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 89,000 shares of the company’s stock after selling 871 shares during the quarter. Unilever comprises approximately 0.9% of Stablepoint Partners LLC’s portfolio, making the stock its 26th largest holding. Stablepoint Partners LLC’s holdings in Unilever were worth $5,422,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. grew its stake in shares of Unilever by 42.9% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 16,808 shares of the company’s stock valued at $815,000 after purchasing an additional 5,042 shares during the last quarter. Merit Financial Group LLC grew its stake in shares of Unilever by 29.6% during the fourth quarter. Merit Financial Group LLC now owns 6,797 shares of the company’s stock valued at $330,000 after purchasing an additional 1,551 shares during the last quarter. Summit Trail Advisors LLC grew its stake in shares of Unilever by 16.0% during the fourth quarter. Summit Trail Advisors LLC now owns 5,217 shares of the company’s stock valued at $253,000 after purchasing an additional 718 shares during the last quarter. Private Advisor Group LLC boosted its stake in Unilever by 6.9% in the fourth quarter. Private Advisor Group LLC now owns 61,783 shares of the company’s stock valued at $2,995,000 after acquiring an additional 3,976 shares during the last quarter. Finally, Lincoln National Corp boosted its stake in Unilever by 9.6% in the fourth quarter. Lincoln National Corp now owns 6,916 shares of the company’s stock valued at $335,000 after acquiring an additional 605 shares during the last quarter. 9.67% of the stock is owned by institutional investors.

Unilever Trading Up 0.4 %

UL opened at $65.10 on Thursday. The firm’s fifty day moving average is $59.84 and its two-hundred day moving average is $54.49. Unilever PLC has a twelve month low of $46.16 and a twelve month high of $65.28.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 9th will be issued a $0.4773 dividend. The ex-dividend date is Friday, August 9th. This is a positive change from Unilever’s previous quarterly dividend of $0.46. This represents a $1.91 annualized dividend and a yield of 2.93%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on UL. Argus raised their price objective 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. JPMorgan Chase & Co. raised shares of Unilever from an “underweight” rating to an “overweight” rating in a research note on Thursday, May 23rd. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a research note on Saturday, August 3rd. TD Cowen began coverage on shares of Unilever in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price objective on the stock. Finally, Bank of America raised shares of Unilever from an “underperform” rating to a “buy” rating and raised their price objective for the company from $47.00 to $72.00 in a research note on Thursday, August 22nd. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price 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.