Jacobs & Co. CA Sells 6,050 Shares of Unilever PLC $UL

Jacobs & Co. CA decreased its holdings in Unilever PLC (NYSE:UL) by 6.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,353 shares of the company’s stock after selling 6,050 shares during the period. Jacobs & Co. CA’s holdings in Unilever were worth $5,159,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Vermillion Wealth Management Inc. bought a new position in shares of Unilever in the fourth quarter worth about $30,000. N.E.W. Advisory Services LLC bought a new position in shares of Unilever in the first quarter worth about $30,000. Brentview Investment Management LLC bought a new position in shares of Unilever in the first quarter worth about $33,000. Richardson Financial Services Inc. boosted its stake in shares of Unilever by 209.0% in the first quarter. Richardson Financial Services Inc. now owns 618 shares of the company’s stock worth $37,000 after acquiring an additional 418 shares during the period. Finally, Opal Wealth Advisors LLC bought a new position in Unilever during the first quarter valued at approximately $63,000. Institutional investors own 9.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a research note on Sunday, August 3rd. BNP Paribas raised Unilever to a “strong-buy” rating in a research note on Thursday, May 29th. CICC Research assumed coverage on Unilever in a research note on Thursday, August 21st. They set an “outperform” rating for the company. Finally, BNP Paribas Exane assumed coverage on Unilever in a research note on Thursday, May 29th. They set an “outperform” rating and a $73.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Unilever has a consensus rating of “Moderate Buy” and an average price target of $73.00.

Unilever Price Performance

NYSE:UL opened at $62.90 on Friday. The firm has a market capitalization of $154.32 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 3.82 and a beta of 0.40. Unilever PLC has a 1 year low of $54.32 and a 1 year high of $65.87. The business has a 50 day simple moving average of $61.55 and a 200-day simple moving average of $61.39.

Unilever Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 15th were issued a dividend of $0.5175 per share. This represents a $2.07 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Friday, August 15th. This is an increase from Unilever’s previous quarterly dividend of $0.52. Unilever’s dividend payout ratio (DPR) is presently 59.31%.

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.