Gentry Private Wealth LLC Invests $331,000 in Unilever PLC (NYSE:UL)

Gentry Private Wealth LLC acquired a new position in shares of Unilever PLC (NYSE:UL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,016 shares of the company’s stock, valued at approximately $331,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in Unilever in the 4th quarter valued at about $151,263,000. Fiera Capital Corp lifted its position in Unilever by 1,866.0% in the 2nd quarter. Fiera Capital Corp now owns 2,135,859 shares of the company’s stock valued at $117,451,000 after acquiring an additional 2,027,221 shares in the last quarter. Equity Investment Corp lifted its position in Unilever by 107.1% in the 1st quarter. Equity Investment Corp now owns 2,910,751 shares of the company’s stock valued at $146,091,000 after acquiring an additional 1,505,233 shares in the last quarter. Wellington Management Group LLP lifted its position in Unilever by 3.3% in the 4th quarter. Wellington Management Group LLP now owns 34,494,131 shares of the company’s stock valued at $1,672,275,000 after acquiring an additional 1,114,417 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its position in Unilever by 9.6% in the 4th quarter. Fisher Asset Management LLC now owns 10,830,250 shares of the company’s stock valued at $525,051,000 after acquiring an additional 951,446 shares in the last quarter. Institutional investors own 9.67% of the company’s stock.

Unilever Stock Performance

Shares of UL stock opened at $65.25 on Friday. The company has a 50 day moving average of $60.25 and a 200-day moving average of $54.67. Unilever PLC has a 12-month low of $46.16 and a 12-month high of $65.72.

Unilever Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 9th were paid a dividend of $0.4773 per share. The ex-dividend date was Friday, August 9th. This represents a $1.91 annualized dividend and a dividend yield of 2.93%. This is a positive change from Unilever’s previous quarterly dividend of $0.46.

Analysts Set New Price Targets

Several equities analysts recently weighed in on UL shares. Bank of America raised shares of Unilever from an “underperform” rating to a “buy” rating and raised their price target for the company from $47.00 to $72.00 in a research report on Thursday, August 22nd. Redburn Atlantic raised shares of Unilever from a “neutral” rating to a “buy” rating in a research report on Friday, June 7th. UBS Group upgraded shares of Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research note on Saturday, August 3rd. Finally, JPMorgan Chase & Co. upgraded shares of Unilever from an “underweight” rating to an “overweight” rating in a research note on Thursday, May 23rd. Three research analysts have rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.