Marks Group Wealth Management Inc Has $967,000 Stake in Unilever PLC $UL

Marks Group Wealth Management Inc cut its stake in shares of Unilever PLC (NYSE:UL) by 3.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,809 shares of the company’s stock after selling 620 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Unilever were worth $967,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in UL. Three Bridge Wealth Advisors LLC raised its position in shares of Unilever by 4.7% during the second quarter. Three Bridge Wealth Advisors LLC now owns 37,142 shares of the company’s stock worth $2,272,000 after acquiring an additional 1,680 shares during the last quarter. Keudell Morrison Wealth Management increased its position in Unilever by 6.6% during the 2nd quarter. Keudell Morrison Wealth Management now owns 4,499 shares of the company’s stock valued at $275,000 after purchasing an additional 280 shares during the period. Simplicity Wealth LLC acquired a new stake in Unilever during the 2nd quarter valued at approximately $559,000. Checchi Capital Advisers LLC raised its holdings in Unilever by 3.3% during the 2nd quarter. Checchi Capital Advisers LLC now owns 19,886 shares of the company’s stock worth $1,216,000 after purchasing an additional 642 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its position in shares of Unilever by 0.4% in the 2nd quarter. QRG Capital Management Inc. now owns 226,953 shares of the company’s stock worth $13,883,000 after purchasing an additional 833 shares during the period. Institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

UL stock opened at $58.57 on Tuesday. The company’s 50-day moving average is $61.45 and its 200-day moving average is $61.62. The stock has a market capitalization of $143.71 billion, a PE ratio of 16.78, a price-to-earnings-growth ratio of 3.55 and a beta of 0.40. Unilever PLC has a 1 year low of $54.32 and a 1 year high of $65.66.

Unilever Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 15th were paid a $0.5175 dividend. This represents a $2.07 dividend on an annualized basis and a yield of 3.5%. This is a boost from Unilever’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, August 15th. Unilever’s payout ratio is 59.31%.

Analyst Ratings Changes

UL has been the subject of several recent analyst reports. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a research report on Sunday, August 3rd. CICC Research started coverage on Unilever in a report on Thursday, August 21st. They set an “outperform” rating for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Unilever in a research note on Saturday, September 27th. Finally, Zacks Research raised Unilever from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 17th. Three investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

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.