Drive Wealth Management LLC Acquires 374 Shares of Unilever PLC $UL

Drive Wealth Management LLC lifted its holdings in Unilever PLC (NYSE:UL) by 7.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,274 shares of the company’s stock after buying an additional 374 shares during the period. Drive Wealth Management LLC’s holdings in Unilever were worth $323,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in UL. Townsend & Associates Inc bought a new position in shares of Unilever in the 2nd quarter valued at about $1,811,000. Forvis Mazars Wealth Advisors LLC raised its position in Unilever by 8.9% during the second quarter. Forvis Mazars Wealth Advisors LLC now owns 5,781 shares of the company’s stock valued at $354,000 after purchasing an additional 471 shares during the period. Crux Wealth Advisors lifted its stake in shares of Unilever by 49.8% in the 2nd quarter. Crux Wealth Advisors now owns 19,514 shares of the company’s stock valued at $1,194,000 after purchasing an additional 6,490 shares during the last quarter. TrueMark Investments LLC boosted its holdings in shares of Unilever by 18.4% in the 2nd quarter. TrueMark Investments LLC now owns 23,426 shares of the company’s stock worth $1,433,000 after purchasing an additional 3,634 shares during the period. Finally, William Blair Investment Management LLC boosted its holdings in shares of Unilever by 21.1% in the 2nd quarter. William Blair Investment Management LLC now owns 45,304 shares of the company’s stock worth $2,771,000 after purchasing an additional 7,906 shares during the period. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on UL. CICC Research initiated coverage on Unilever in a research report on Thursday, August 21st. They issued an “outperform” rating for the company. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a research note on Sunday, August 3rd. Zacks Research cut shares of Unilever from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 16th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Unilever in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $73.00.

Unilever Trading Down 0.3%

NYSE:UL opened at $62.93 on Tuesday. The company has a market cap of $154.42 billion, a price-to-earnings ratio of 18.03, a price-to-earnings-growth ratio of 4.75 and a beta of 0.40. Unilever PLC has a twelve month low of $54.32 and a twelve month high of $65.66. The stock has a fifty day simple moving average of $61.55 and a 200-day simple moving average of $61.71.

Unilever Increases Dividend

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