Keudell Morrison Wealth Management Has $275,000 Stake in Unilever PLC $UL

Keudell Morrison Wealth Management boosted its stake in Unilever PLC (NYSE:UL) by 6.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,499 shares of the company’s stock after buying an additional 280 shares during the quarter. Keudell Morrison Wealth Management’s holdings in Unilever were worth $275,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Mission Wealth Management LP boosted its stake in Unilever by 1.4% in the 1st quarter. Mission Wealth Management LP now owns 11,497 shares of the company’s stock valued at $685,000 after buying an additional 159 shares in the last quarter. Gallacher Capital Management LLC boosted its stake in Unilever by 1.9% in the 2nd quarter. Gallacher Capital Management LLC now owns 8,700 shares of the company’s stock valued at $532,000 after buying an additional 165 shares in the last quarter. Essex Financial Services Inc. boosted its stake in Unilever by 1.0% in the 1st quarter. Essex Financial Services Inc. now owns 16,246 shares of the company’s stock valued at $967,000 after buying an additional 168 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in Unilever by 0.8% in the 1st quarter. SBI Securities Co. Ltd. now owns 21,492 shares of the company’s stock valued at $1,280,000 after buying an additional 172 shares in the last quarter. Finally, Cardinal Capital Management boosted its stake in Unilever by 0.4% in the 1st quarter. Cardinal Capital Management now owns 39,953 shares of the company’s stock valued at $2,379,000 after buying an additional 176 shares in the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Unilever in a research note on Saturday, September 27th. Zacks Research upgraded Unilever from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 17th. CICC Research initiated coverage on Unilever in a report on Thursday, August 21st. They set an “outperform” rating on the stock. Finally, Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a report on Sunday, August 3rd. Three investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $73.00.

Unilever Stock Up 0.2%

Shares of UL opened at $59.04 on Friday. The stock’s fifty day simple moving average is $61.46 and its 200-day simple moving average is $61.61. The firm has a market capitalization of $144.85 billion, a PE ratio of 16.92, a price-to-earnings-growth ratio of 3.55 and a beta of 0.40. Unilever PLC has a 12-month low of $54.32 and a 12-month high of $65.66.

Unilever Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 15th were issued a $0.5175 dividend. This is a positive change from Unilever’s previous quarterly dividend of $0.52. This represents a $2.07 annualized dividend and a yield of 3.5%. The ex-dividend date was Friday, August 15th. Unilever’s dividend payout ratio (DPR) 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.