Garrett Wealth Advisory Group LLC Purchases 682 Shares of Unilever PLC (NYSE:UL)

Garrett Wealth Advisory Group LLC boosted its position in shares of Unilever PLC (NYSE:UL) by 5.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,287 shares of the company’s stock after purchasing an additional 682 shares during the period. Garrett Wealth Advisory Group LLC’s holdings in Unilever were worth $732,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Mission Wealth Management LP boosted its stake in shares of Unilever by 1.4% during the 1st quarter. Mission Wealth Management LP now owns 11,497 shares of the company’s stock worth $685,000 after purchasing an additional 159 shares during the last quarter. Essex Financial Services Inc. lifted its position in Unilever by 1.0% during the first quarter. Essex Financial Services Inc. now owns 16,246 shares of the company’s stock valued at $967,000 after buying an additional 168 shares in the last quarter. Cardinal Capital Management lifted its position in Unilever by 0.4% during the first quarter. Cardinal Capital Management now owns 39,953 shares of the company’s stock valued at $2,379,000 after buying an additional 176 shares in the last quarter. Tyler Stone Wealth Management lifted its position in Unilever by 2.8% during the fourth quarter. Tyler Stone Wealth Management now owns 6,576 shares of the company’s stock valued at $373,000 after buying an additional 180 shares in the last quarter. Finally, Ausdal Financial Partners Inc. lifted its position in Unilever by 1.9% during the fourth quarter. Ausdal Financial Partners Inc. now owns 9,956 shares of the company’s stock valued at $565,000 after buying an additional 181 shares in the last quarter. 9.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on UL shares. Wall Street Zen cut shares of Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. BNP Paribas upgraded shares of Unilever to a “strong-buy” rating in a research report on Thursday, May 29th. BNP Paribas Exane started coverage on shares of Unilever in a research report on Thursday, May 29th. They issued an “outperform” rating and a $73.00 target price for the company. Finally, UBS Group raised shares of Unilever from a “strong sell” rating to a “hold” rating in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $70.67.

Unilever Trading Up 0.0%

Shares of UL opened at $61.40 on Tuesday. Unilever PLC has a 12 month low of $54.32 and a 12 month high of $65.87. The firm has a fifty day simple moving average of $62.55 and a 200 day simple moving average of $59.76. The stock has a market capitalization of $150.71 billion, a price-to-earnings ratio of 17.59, a PEG ratio of 3.81 and a beta of 0.41.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 16th were given a $0.5151 dividend. The ex-dividend date of this dividend was Friday, May 16th. This is a positive change from Unilever’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a dividend yield of 3.36%. Unilever’s dividend payout ratio is presently 59.03%.

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.