University of Texas Texas AM Investment Management Co. Buys Shares of 24,054 Unilever PLC $UL

University of Texas Texas AM Investment Management Co. purchased a new stake in Unilever PLC (NYSE:UL) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 24,054 shares of the company’s stock, valued at approximately $1,471,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UL. Brighton Jones LLC boosted its position in Unilever by 5.4% during the 4th quarter. Brighton Jones LLC now owns 10,572 shares of the company’s stock valued at $599,000 after acquiring an additional 539 shares in the last quarter. GAMMA Investing LLC raised its holdings in Unilever by 24.0% in the first quarter. GAMMA Investing LLC now owns 13,127 shares of the company’s stock worth $782,000 after purchasing an additional 2,544 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Unilever by 0.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 87,674 shares of the company’s stock valued at $5,221,000 after buying an additional 731 shares during the last quarter. Spire Wealth Management boosted its holdings in shares of Unilever by 3.6% in the 1st quarter. Spire Wealth Management now owns 16,063 shares of the company’s stock valued at $957,000 after buying an additional 553 shares in the last quarter. Finally, Bessemer Group Inc. grew its position in shares of Unilever by 164.6% in the 1st quarter. Bessemer Group Inc. now owns 6,638 shares of the company’s stock worth $395,000 after buying an additional 4,129 shares during the last quarter. 9.67% of the stock is currently owned by institutional investors.

Unilever Trading Up 0.5%

UL stock opened at $62.64 on Friday. The firm has a 50-day moving average of $61.62 and a two-hundred day moving average of $61.81. Unilever PLC has a 12 month low of $54.32 and a 12 month high of $65.66.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 7th will be given a $0.5258 dividend. This is an increase from Unilever’s previous quarterly dividend of $0.52. This represents a $2.10 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, November 7th.

Analyst Ratings Changes

Several research firms have recently issued reports on UL. Weiss Ratings restated a “buy (b)” rating on shares of Unilever in a report on Friday. Zacks Research cut Unilever from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 16th. CICC Research began coverage on Unilever in a research note on Thursday, August 21st. They issued an “outperform” rating on the stock. Finally, Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a report on Sunday, August 3rd. Two equities research 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 issued a Sell rating to the company. According to data from MarketBeat.com, Unilever has a consensus rating of “Moderate Buy” and an average target price of $73.00.

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.