AlTi Global Inc. Acquires New Position in Unilever PLC $UL

AlTi Global Inc. bought a new position in shares of Unilever PLC (NYSE:UL) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,336 shares of the company’s stock, valued at approximately $388,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bleakley Financial Group LLC raised its position in Unilever by 8.6% during the second quarter. Bleakley Financial Group LLC now owns 68,049 shares of the company’s stock worth $4,163,000 after acquiring an additional 5,379 shares during the last quarter. Rehmann Capital Advisory Group raised its position in Unilever by 2.7% during the second quarter. Rehmann Capital Advisory Group now owns 7,314 shares of the company’s stock worth $447,000 after acquiring an additional 194 shares during the last quarter. Exencial Wealth Advisors LLC raised its position in Unilever by 1.0% during the second quarter. Exencial Wealth Advisors LLC now owns 62,807 shares of the company’s stock worth $3,842,000 after acquiring an additional 592 shares during the last quarter. Cullen Frost Bankers Inc. raised its position in Unilever by 5.5% during the second quarter. Cullen Frost Bankers Inc. now owns 8,976 shares of the company’s stock worth $549,000 after acquiring an additional 464 shares during the last quarter. Finally, Klingman & Associates LLC acquired a new position in shares of Unilever in the second quarter valued at approximately $288,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Wall Street Analysts Forecast Growth

UL has been the subject of a number of analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Unilever in a research report on Friday. CICC Research initiated coverage on shares of Unilever in a research report on Thursday, August 21st. They issued an “outperform” rating for the company. Zacks Research lowered shares of Unilever from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 16th. Finally, Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a research report on Sunday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and two have issued 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 Up 0.5%

UL opened at $62.64 on Friday. Unilever PLC has a 52-week low of $54.32 and a 52-week high of $65.66. The company has a 50 day moving average of $61.62 and a two-hundred day moving average of $61.81.

Unilever Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 7th will be issued a $0.5258 dividend. This is a boost from Unilever’s previous quarterly dividend of $0.52. This represents a $2.10 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, November 7th.

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.