DecisionMap Wealth Management LLC Has $551,000 Stock Position in Unilever PLC $UL

DecisionMap Wealth Management LLC lowered its stake in shares of Unilever PLC (NYSE:UL) by 7.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,002 shares of the company’s stock after selling 679 shares during the period. DecisionMap Wealth Management LLC’s holdings in Unilever were worth $551,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in UL. Wellington Management Group LLP raised its position in Unilever by 13.9% during the first quarter. Wellington Management Group LLP now owns 28,100,442 shares of the company’s stock worth $1,673,381,000 after acquiring an additional 3,421,054 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Unilever by 2.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 3,925,891 shares of the company’s stock worth $233,787,000 after purchasing an additional 95,359 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of Unilever by 7.1% in the 1st quarter. Raymond James Financial Inc. now owns 3,340,231 shares of the company’s stock valued at $198,911,000 after purchasing an additional 221,958 shares during the period. Hamlin Capital Management LLC raised its holdings in shares of Unilever by 0.5% in the 2nd quarter. Hamlin Capital Management LLC now owns 3,085,571 shares of the company’s stock valued at $188,744,000 after purchasing an additional 14,711 shares during the period. Finally, Northern Trust Corp lifted its stake in Unilever by 4.3% in the 1st quarter. Northern Trust Corp now owns 2,260,133 shares of the company’s stock valued at $134,591,000 after purchasing an additional 93,677 shares during the last quarter. 9.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on UL. CICC Research initiated coverage on Unilever in a research report on Thursday, August 21st. They set an “outperform” rating on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Unilever in a research note on Wednesday, October 8th. Zacks Research cut Unilever from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 16th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a report on Sunday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Unilever has an average rating of “Moderate Buy” and a consensus target price of $73.00.

Unilever Stock Performance

Shares of Unilever stock opened at $62.93 on Tuesday. Unilever PLC has a 52-week low of $54.32 and a 52-week high of $65.66. The stock has a market cap of $154.42 billion, a PE ratio of 18.03, a PEG ratio of 4.75 and a beta of 0.40. The firm has a 50-day moving average of $61.55 and a 200-day moving average of $61.71.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 15th were issued a dividend of $0.5175 per share. This is a boost from Unilever’s previous quarterly dividend of $0.52. This represents a $2.07 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, August 15th. Unilever’s payout ratio is 59.31%.

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.