Old Port Advisors Has $3.43 Million Holdings in Unilever PLC $UL

Old Port Advisors decreased its holdings in Unilever PLC (NYSE:UL) by 0.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 55,995 shares of the company’s stock after selling 323 shares during the quarter. Unilever accounts for approximately 0.9% of Old Port Advisors’ holdings, making the stock its 25th biggest holding. Old Port Advisors’ holdings in Unilever were worth $3,425,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Wellington Management Group LLP increased its holdings in shares of Unilever by 13.9% during the first quarter. Wellington Management Group LLP now owns 28,100,442 shares of the company’s stock worth $1,673,381,000 after buying an additional 3,421,054 shares in the last quarter. GAMMA Investing LLC increased its holdings in Unilever by 7,286.5% during the 1st quarter. GAMMA Investing LLC now owns 781,713 shares of the company’s stock valued at $46,551,000 after purchasing an additional 771,130 shares in the last quarter. Clark Capital Management Group Inc. acquired a new stake in Unilever in the 1st quarter valued at about $45,413,000. BNP Paribas Financial Markets increased its holdings in shares of Unilever by 764.5% in the first quarter. BNP Paribas Financial Markets now owns 775,561 shares of the company’s stock valued at $46,185,000 after purchasing an additional 685,848 shares in the last quarter. Finally, Factory Mutual Insurance Co. acquired a new stake in shares of Unilever in the 1st quarter valued at $34,533,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Price Performance

Shares of Unilever stock opened at $59.30 on Friday. The business has a fifty day simple moving average of $61.61 and a two-hundred day simple moving average of $61.59. The company has a market capitalization of $145.50 billion, a price-to-earnings ratio of 16.99, a P/E/G ratio of 3.57 and a beta of 0.40. Unilever PLC has a 1 year low of $54.32 and a 1 year high of $65.87.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 15th were given a dividend of $0.5175 per share. This represents a $2.07 annualized dividend and a yield of 3.5%. This is a boost from Unilever’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, August 15th. Unilever’s dividend payout ratio (DPR) is 59.31%.

Analyst Upgrades and Downgrades

UL has been the subject of a number of analyst reports. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a research note on Sunday, August 3rd. Zacks Research raised Unilever from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 17th. Finally, CICC Research started coverage on shares of Unilever in a report on Thursday, August 21st. They set an “outperform” rating for the company. Three analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $73.00.

Unilever Company 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.