SGL Investment Advisors Inc. Sells 690 Shares of Unilever PLC $UL

SGL Investment Advisors Inc. lessened its position in shares of Unilever PLC (NYSE:UL) by 1.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 53,529 shares of the company’s stock after selling 690 shares during the quarter. Unilever makes up approximately 1.6% of SGL Investment Advisors Inc.’s investment portfolio, making the stock its 28th largest holding. SGL Investment Advisors Inc.’s holdings in Unilever were worth $3,260,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC purchased a new position in shares of Unilever during the first quarter valued at approximately $30,000. Brentview Investment Management LLC purchased a new position in Unilever during the 1st quarter worth $33,000. Richardson Financial Services Inc. lifted its holdings in shares of Unilever by 209.0% in the 1st quarter. Richardson Financial Services Inc. now owns 618 shares of the company’s stock valued at $37,000 after buying an additional 418 shares during the period. Marshall & Sullivan Inc. WA acquired a new position in Unilever in the 2nd quarter worth about $55,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Unilever in the first quarter valued at approximately $63,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Unilever Trading Down 0.8%

UL stock opened at $58.57 on Tuesday. The stock has a market cap of $143.71 billion, a price-to-earnings 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. The company’s 50 day moving average is $61.45 and its 200 day moving average is $61.62.

Unilever Increases Dividend

The company also recently disclosed 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 positive change from Unilever’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.07 annualized dividend and a dividend yield of 3.5%. Unilever’s payout ratio is currently 59.31%.

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.