Jeppson Wealth Management LLC Buys 9,596 Shares of Unilever PLC (NYSE:UL)

Jeppson Wealth Management LLC increased its stake in shares of Unilever PLC (NYSE:UL) by 77.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,909 shares of the company’s stock after purchasing an additional 9,596 shares during the period. Jeppson Wealth Management LLC’s holdings in Unilever were worth $1,205,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Red Tortoise LLC bought a new position in Unilever in the first quarter valued at about $26,000. Rise Advisors LLC purchased a new stake in shares of Unilever during the 1st quarter valued at about $28,000. Quent Capital LLC bought a new position in shares of Unilever in the 1st quarter worth approximately $28,000. ST Germain D J Co. Inc. boosted its holdings in shares of Unilever by 423.8% in the second quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after buying an additional 428 shares during the last quarter. Finally, YHB Investment Advisors Inc. bought a new stake in Unilever during the first quarter valued at approximately $30,000. Institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

Shares of Unilever stock traded up $0.03 during trading hours on Friday, hitting $65.49. The company’s stock had a trading volume of 159,556 shares, compared to its average volume of 2,792,660. Unilever PLC has a 12-month low of $46.16 and a 12-month high of $65.72. The business has a 50 day moving average price of $60.04 and a two-hundred day moving average price of $54.57.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 9th will be paid a $0.4773 dividend. This represents a $1.91 annualized dividend and a yield of 2.92%. This is an increase from Unilever’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, August 9th.

Wall Street Analyst Weigh In

UL has been the topic of several recent research reports. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and increased their price target for the stock from $47.00 to $72.00 in a research report on Thursday, August 22nd. JPMorgan Chase & Co. upgraded Unilever from an “underweight” rating to an “overweight” rating in a research report on Thursday, May 23rd. TD Cowen initiated coverage on Unilever in a report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price target for the company. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a research note on Saturday, August 3rd. Finally, Redburn Atlantic upgraded Unilever from a “neutral” rating to a “buy” rating in a research note on Friday, June 7th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $61.75.

Unilever 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.