May Hill Capital LLC Has $635,000 Stock Holdings in Unilever PLC $UL

May Hill Capital LLC increased its holdings in shares of Unilever PLC (NYSE:UL) by 40.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 10,375 shares of the company’s stock after acquiring an additional 2,983 shares during the period. May Hill Capital LLC’s holdings in Unilever were worth $635,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in UL. N.E.W. Advisory Services LLC bought a new stake in shares of Unilever in the 1st quarter valued at $30,000. Brentview Investment Management LLC acquired a new stake in Unilever in the first quarter worth $33,000. Richardson Financial Services Inc. increased its stake in Unilever by 209.0% in 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 in the last quarter. Financial Connections Group Inc. acquired a new position in shares of Unilever during the second quarter valued at about $39,000. Finally, Marshall & Sullivan Inc. WA acquired a new stake in shares of Unilever in the 2nd quarter valued at about $55,000. 9.67% of the stock is currently owned by institutional investors.

Unilever Stock Performance

UL stock opened at $62.69 on Tuesday. Unilever PLC has a twelve month low of $54.32 and a twelve month high of $65.66. The stock’s 50 day moving average is $61.65 and its 200-day moving average is $61.85.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 7th will be paid a dividend of $0.5258 per share. This is a boost from Unilever’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, November 7th. This represents a $2.10 annualized dividend and a yield of 3.4%.

Wall Street Analysts Forecast Growth

UL has been the topic of a number of research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Unilever in a research note on Wednesday, October 8th. CICC Research began coverage on Unilever in a research report on Thursday, August 21st. They set an “outperform” rating on the stock. Zacks Research cut Unilever from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 16th. Finally, Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a research 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 stock. According to MarketBeat, Unilever currently has an average rating of “Moderate Buy” and a consensus target price of $73.00.

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.