Several institutional investors have adjusted their holdings in Unilever. Red Tortoise LLC invested about $26,000, while Quent Capital LLC invested around $28,000. ST Germain D J Co. Inc. increased its stake by 423.8% in Q2, owning 529 shares worth $29,000 after buying 428 additional shares. Abich Financial Wealth Management LLC grew its position by 393.5% in the same quarter, owning 533 shares valued at $29,000 after acquiring 425 shares. Additionally, 1620 Investment Advisors Inc. invested $30,000 in Unilever. Currently, institutional investors and hedge funds hold about 9.67% of the stock.
Analysts Set New Price Targets
Recently, analysts provided updates on Unilever’s shares (UL). Bank of America upgraded the stock from “underperform” to “buy,” raising the target price from $47 to $72. UBS Group rated it as “strong sell,” while TD Cowen issued a “buy” rating with a $67 target. StockNews.com also upgraded Unilever from “hold” to “buy.” Overall, three analysts rate it as a sell, one as hold, and seven as buy, giving a consensus rating of “Hold” and an average target price of $61.75.
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, P/E ratio of 18.30, and a beta of 0.48. The 50-day moving average is $63.71 and the 200-day is $57.73. Unilever’s stock has ranged from a low of $46.16 to a high of $65.87 over the past year.
Unilever Increases Dividend
Unilever recently declared a quarterly dividend of $0.4773, paid on September 6th, which annualizes to $1.91, yielding 3.03%. This is an increase from the previous dividend of $0.46. The ex-dividend date was August 9th, and the company’s dividend payout ratio is 54.65%.
About Unilever
Unilever PLC is a consumer goods company operating globally in five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. It sells various products, including hair care, skin care, and nutritional supplements.
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