Several institutional investors increased their stakes in Unilever. Red Tortoise LLC invested about $26,000, while Quent Capital LLC invested about $28,000 during the first quarter. ST Germain D J Co. Inc. raised its stake by 423.8% in the second quarter and now owns 529 shares valued at $29,000 after adding 428 shares. Abich Financial Wealth Management LLC also grew its holdings by 393.5%, owning 533 shares worth $29,000 after acquiring 425 more shares. Lastly, 1620 Investment Advisors Inc. bought a new stake worth $30,000. Currently, institutional investors and hedge funds own 9.67% of Unilever’s stock.
Analysts Set New Price Targets
Bank of America upgraded Unilever from “underperform” to “buy,” raising the target price from $47 to $72 on August 22. UBS Group recommended a “strong sell” on July 30, while TD Cowen began coverage with a “buy” and a $67 target on July 23. StockNews.com also upgraded Unilever to “buy” on October 4. Overall, three analysts rated it a sell, one a hold, and seven a buy, leading to a consensus rating of “Hold” and an average price target of $61.75 according to MarketBeat.com.
Read Our Latest Stock Analysis on UL
Unilever Price Performance
UL opened at $62.95 on Friday, with a market cap of $157.57 billion, a P/E ratio of 18.30, and a beta of 0.48. Its 50-day average is $63.71, and the 200-day average is $57.73. The stock’s one-year range is a low of $46.16 and a high of $65.87.
Unilever Increases Dividend
Unilever declared a quarterly dividend of $0.4773, paid on September 6, with a yield of 3.03%. This is an increase from the previous dividend of $0.46. The dividend payout ratio is 54.65%.
About Unilever
Unilever PLC is a consumer goods company operating across various regions, with five main segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream, providing a wide range of products including hair care and hygiene items.
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