Unilever PLC $UL Shares Purchased by Forvis Mazars Wealth Advisors LLC

Forvis Mazars Wealth Advisors LLC boosted its holdings in Unilever PLC (NYSE:UL) by 8.9% in the second quarter, HoldingsChannel.com reports. The firm owned 5,781 shares of the company’s stock after acquiring an additional 471 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Unilever were worth $354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC acquired a new position in Unilever in the first quarter worth $30,000. Brentview Investment Management LLC acquired a new position in Unilever in the first quarter worth $33,000. Richardson Financial Services Inc. boosted its holdings in Unilever by 209.0% in the first quarter. Richardson Financial Services Inc. now owns 618 shares of the company’s stock worth $37,000 after purchasing an additional 418 shares during the period. Financial Connections Group Inc. acquired a new position in Unilever in the second quarter worth $39,000. Finally, Marshall & Sullivan Inc. WA acquired a new position in Unilever in the second quarter worth $55,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

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

Unilever Stock Performance

Shares of UL opened at $62.93 on Tuesday. Unilever PLC has a 1 year low of $54.32 and a 1 year high of $65.66. 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. The firm has a fifty day moving average of $61.55 and a 200-day moving average of $61.71.

Unilever Increases Dividend

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