ST Germain D J Co. Inc. Acquires 428 Shares of Unilever PLC (NYSE:UL)

ST Germain D J Co. Inc. lifted its holdings in shares of Unilever PLC (NYSE:UL) by 423.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 529 shares of the company’s stock after purchasing an additional 428 shares during the quarter. ST Germain D J Co. Inc.’s holdings in Unilever were worth $29,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Red Tortoise LLC acquired a new stake in Unilever during the first quarter worth approximately $26,000. Rise Advisors LLC acquired a new stake in Unilever during the 1st quarter worth approximately $28,000. Quent Capital LLC bought a new stake in Unilever in the 1st quarter valued at $28,000. YHB Investment Advisors Inc. acquired a new position in Unilever in the 1st quarter valued at $30,000. Finally, Voisard Asset Management Group Inc. bought a new position in Unilever during the 4th quarter worth $31,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on UL shares. UBS Group raised shares of Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research report on Saturday. Redburn Atlantic upgraded shares of Unilever from a “neutral” rating to a “buy” rating in a research report on Friday, June 7th. TD Cowen initiated coverage on Unilever in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price target for the company. Finally, Argus raised their price objective on Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Four research analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Unilever presently has a consensus rating of “Hold” and a consensus price target of $58.33.

Unilever Price Performance

Shares of NYSE:UL traded up $0.60 during mid-day trading on Tuesday, reaching $61.32. 5,239,792 shares of the company’s stock were exchanged, compared to its average volume of 2,835,542. Unilever PLC has a twelve month low of $46.16 and a twelve month high of $62.65. The business’s fifty day moving average price is $56.80 and its 200-day moving average price is $52.45.

Unilever Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 9th will be issued a dividend of $0.4773 per share. The ex-dividend date is Friday, August 9th. This is an increase from Unilever’s previous quarterly dividend of $0.46. This represents a $1.91 annualized dividend and a yield of 3.11%.

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.