Unilever PLC (NYSE:UL) Shares Acquired by Excalibur Management Corp

Excalibur Management Corp lifted its position in Unilever PLC (NYSE:UL) by 1.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,801 shares of the company’s stock after purchasing an additional 239 shares during the period. Excalibur Management Corp’s holdings in Unilever were worth $759,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in UL. Red Tortoise LLC acquired a new position in shares of Unilever in the first quarter worth about $26,000. Rise Advisors LLC purchased a new position in shares of Unilever in the 1st quarter valued at about $28,000. Quent Capital LLC acquired a new position in Unilever in the 1st quarter worth about $28,000. ST Germain D J Co. Inc. boosted its position in Unilever by 423.8% during the second quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after purchasing an additional 428 shares in the last quarter. Finally, YHB Investment Advisors Inc. acquired a new stake in Unilever in the first quarter valued at approximately $30,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Bank of America raised shares of Unilever from an “underperform” rating to a “buy” rating and lifted their price target for the company from $47.00 to $72.00 in a research note on Thursday, August 22nd. JPMorgan Chase & Co. raised shares of Unilever from an “underweight” rating to an “overweight” rating in a research note on Thursday, May 23rd. TD Cowen assumed coverage on shares of Unilever in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price target on the stock. UBS Group upgraded Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. Finally, Redburn Atlantic raised Unilever from a “neutral” rating to a “buy” rating in a report on Friday, June 7th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $61.75.

Unilever Trading Up 0.8 %

UL stock opened at $65.55 on Tuesday. The firm has a 50-day moving average of $61.46 and a two-hundred day moving average of $55.37. Unilever PLC has a 12 month low of $46.16 and a 12 month high of $65.86.

Unilever Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 9th were issued a $0.4773 dividend. This represents a $1.91 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend was Friday, August 9th. This is a boost from Unilever’s previous quarterly dividend of $0.46.

About Unilever

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.