University of Texas Texas AM Investment Management Co. Buys New Position in Unilever PLC $UL

University of Texas Texas AM Investment Management Co. acquired a new stake in Unilever PLC (NYSE:UL) in the 2nd quarter, HoldingsChannel reports. The fund acquired 24,054 shares of the company’s stock, valued at approximately $1,471,000.

Other institutional investors have also recently made changes to their positions in the company. N.E.W. Advisory Services LLC acquired a new stake in Unilever during the 1st quarter worth approximately $30,000. Brentview Investment Management LLC purchased a new stake in shares of Unilever during the first quarter worth $33,000. Richardson Financial Services Inc. raised 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 valued at $37,000 after acquiring an additional 418 shares in the last quarter. Financial Connections Group Inc. purchased a new position in Unilever in the second quarter valued at $39,000. Finally, Marshall & Sullivan Inc. WA acquired a new position in Unilever during the 2nd quarter worth $55,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Price Performance

Shares of NYSE UL opened at $62.64 on Friday. The stock’s 50-day simple moving average is $61.62 and its 200-day simple moving average is $61.81. Unilever PLC has a fifty-two week low of $54.32 and a fifty-two week high of $65.66.

Unilever Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a research report on Sunday, August 3rd. Zacks Research lowered shares of Unilever from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 16th. CICC Research assumed coverage on shares of Unilever in a research note on Thursday, August 21st. They issued an “outperform” rating for the company. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Unilever in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $73.00.

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.