TrueMark Investments LLC Raises Position in Unilever PLC $UL

TrueMark Investments LLC grew its position in Unilever PLC (NYSE:UL) by 18.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 23,426 shares of the company’s stock after buying an additional 3,634 shares during the period. TrueMark Investments LLC’s holdings in Unilever were worth $1,433,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. N.E.W. Advisory Services LLC purchased a new position in Unilever in the first quarter worth about $30,000. Brentview Investment Management LLC purchased a new position in Unilever in the first quarter worth about $33,000. Richardson Financial Services Inc. raised its holdings in shares of Unilever by 209.0% during the first quarter. Richardson Financial Services Inc. now owns 618 shares of the company’s stock valued at $37,000 after purchasing an additional 418 shares during the last quarter. Financial Connections Group Inc. purchased a new position in shares of Unilever during the second quarter valued at approximately $39,000. Finally, Marshall & Sullivan Inc. WA purchased a new position in shares of Unilever during the second quarter valued at approximately $55,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Unilever in a report on Wednesday, October 8th. CICC Research assumed coverage on shares of Unilever in a report on Thursday, August 21st. They set an “outperform” rating for the company. Zacks Research cut shares of Unilever from a “strong-buy” rating to a “hold” rating in a report on Thursday. Finally, Jefferies Financial Group reissued 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 assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.00.

Unilever Price Performance

UL opened at $63.18 on Friday. The firm has a market cap of $155.03 billion, a P/E ratio of 18.10, a PEG ratio of 4.75 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 has a 50 day simple moving average of $61.51 and a two-hundred day simple moving average of $61.70.

Unilever Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 15th were given a $0.5175 dividend. The ex-dividend date was Friday, August 15th. This is an increase from Unilever’s previous quarterly dividend of $0.52. This represents a $2.07 dividend on an annualized basis and a dividend yield of 3.3%. Unilever’s dividend payout ratio (DPR) is currently 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.