Marks Group Wealth Management Inc Sells 620 Shares of Unilever PLC $UL

Marks Group Wealth Management Inc lessened its holdings in Unilever PLC (NYSE:UL) by 3.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,809 shares of the company’s stock after selling 620 shares during the period. Marks Group Wealth Management Inc’s holdings in Unilever were worth $967,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in UL. N.E.W. Advisory Services LLC purchased a new stake in shares of Unilever in the first quarter worth approximately $30,000. Brentview Investment Management LLC bought a new position in Unilever during the 1st quarter valued at $33,000. Richardson Financial Services Inc. lifted its stake in Unilever by 209.0% during the 1st quarter. Richardson Financial Services Inc. now owns 618 shares of the company’s stock valued at $37,000 after acquiring an additional 418 shares in the last quarter. Marshall & Sullivan Inc. WA purchased a new position in Unilever during the 2nd quarter worth $55,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Unilever in the 1st quarter worth $63,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. CICC Research initiated coverage on shares of Unilever in a report on Thursday, August 21st. They set an “outperform” rating on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Unilever in a report on Saturday, September 27th. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a report on Sunday, August 3rd. Finally, Zacks Research raised Unilever from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 17th. Three analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $73.00.

Unilever Trading Down 0.8%

Unilever stock opened at $58.57 on Tuesday. The business’s 50 day simple moving average is $61.45 and its 200 day simple moving average is $61.62. Unilever PLC has a 12 month low of $54.32 and a 12 month high of $65.66. The company has a market cap of $143.71 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 3.55 and a beta of 0.40.

Unilever Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 15th were paid a dividend of $0.5175 per share. This represents a $2.07 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, August 15th. This is a positive change from Unilever’s previous quarterly dividend of $0.52. Unilever’s dividend payout ratio is currently 59.31%.

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.