Foresight Capital Management Advisors Inc. Buys 1,236 Shares of Unilever PLC (NYSE:UL)

Foresight Capital Management Advisors Inc. grew its stake in shares of Unilever PLC (NYSE:UL) by 2.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 49,049 shares of the company’s stock after buying an additional 1,236 shares during the quarter. Unilever makes up 1.8% of Foresight Capital Management Advisors Inc.’s holdings, making the stock its 24th biggest holding. Foresight Capital Management Advisors Inc.’s holdings in Unilever were worth $2,921,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. May Hill Capital LLC bought a new stake in shares of Unilever in the fourth quarter worth $296,000. Auxano Advisors LLC grew its stake in shares of Unilever by 1.7% in the fourth quarter. Auxano Advisors LLC now owns 30,840 shares of the company’s stock worth $1,749,000 after purchasing an additional 522 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Unilever by 1.5% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 655,964 shares of the company’s stock worth $37,193,000 after purchasing an additional 9,528 shares during the last quarter. Argent Trust Co grew its stake in shares of Unilever by 34.2% in the fourth quarter. Argent Trust Co now owns 45,387 shares of the company’s stock worth $2,573,000 after purchasing an additional 11,555 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Unilever in the fourth quarter worth $11,895,000. Institutional investors own 9.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on UL. DZ Bank raised shares of Unilever from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. UBS Group raised shares of Unilever from a “strong sell” rating to a “hold” rating in a research report on Friday, May 2nd. BNP Paribas raised shares of Unilever to a “strong-buy” rating in a research report on Thursday, May 29th. BNP Paribas Exane began coverage on shares of Unilever in a research report on Thursday, May 29th. They set an “outperform” rating and a $73.00 price target on the stock. Finally, Wall Street Zen cut shares of Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $70.67.

Unilever Trading Up 0.5%

Shares of NYSE UL opened at $63.09 on Wednesday. The firm’s 50-day moving average price is $62.47 and its 200-day moving average price is $59.37. Unilever PLC has a 1-year low of $54.32 and a 1-year high of $65.87. The firm has a market capitalization of $155.05 billion, a P/E ratio of 18.08, a P/E/G ratio of 1.60 and a beta of 0.43.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.5151 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.06 annualized dividend and a dividend yield of 3.27%. This is a positive change from Unilever’s previous quarterly dividend of $0.47. Unilever’s dividend payout ratio is currently 59.03%.

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.