AlTi Global Inc. Acquires New Holdings in Unilever PLC $UL

AlTi Global Inc. acquired a new stake in shares of Unilever PLC (NYSE:UL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,336 shares of the company’s stock, valued at approximately $388,000.

Several other institutional investors also recently bought and sold shares of the business. N.E.W. Advisory Services LLC purchased a new position in Unilever in the first quarter worth $30,000. Brentview Investment Management LLC purchased a new position in Unilever in the first quarter worth $33,000. Richardson Financial Services Inc. grew 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 last quarter. Financial Connections Group Inc. purchased a new position in Unilever in the second quarter worth $39,000. Finally, Marshall & Sullivan Inc. WA purchased a new position in Unilever in the second quarter worth $55,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Unilever Stock Performance

UL opened at $62.64 on Friday. Unilever PLC has a twelve month low of $54.32 and a twelve month high of $65.66. The company has a 50-day moving average price of $61.62 and a 200 day moving average price of $61.81.

Unilever Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 7th will be paid a $0.5258 dividend. This is a positive change from Unilever’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, November 7th. This represents a $2.10 annualized dividend and a dividend yield of 3.4%.

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.