Concurrent Investment Advisors LLC Buys 1,958 Shares of Unilever PLC $UL

Concurrent Investment Advisors LLC grew its stake in shares of Unilever PLC (NYSE:UL) by 3.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,126 shares of the company’s stock after purchasing an additional 1,958 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Unilever were worth $3,250,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its holdings in shares of Unilever by 33.2% in the first quarter. Bank of New York Mellon Corp now owns 934,804 shares of the company’s stock valued at $55,668,000 after acquiring an additional 232,945 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Unilever by 13.9% during the first quarter. Wellington Management Group LLP now owns 28,100,442 shares of the company’s stock worth $1,673,381,000 after acquiring an additional 3,421,054 shares during the last quarter. Stonegate Investment Group LLC grew its stake in shares of Unilever by 69.7% during the first quarter. Stonegate Investment Group LLC now owns 14,282 shares of the company’s stock worth $850,000 after acquiring an additional 5,867 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Unilever by 65.1% during the first quarter. Russell Investments Group Ltd. now owns 232,096 shares of the company’s stock worth $13,821,000 after acquiring an additional 91,511 shares during the last quarter. Finally, Banco Santander S.A. grew its stake in shares of Unilever by 70.6% during the first quarter. Banco Santander S.A. now owns 15,030 shares of the company’s stock worth $895,000 after acquiring an additional 6,220 shares during the last quarter. 9.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on UL shares. CICC Research initiated coverage on Unilever in a report on Thursday, August 21st. They set an “outperform” rating for the company. Zacks Research raised Unilever from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 17th. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a research note on Sunday, August 3rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Unilever in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $73.00.

Unilever Stock Performance

Shares of NYSE UL opened at $60.11 on Tuesday. Unilever PLC has a fifty-two week low of $54.32 and a fifty-two week high of $65.66. The firm has a market capitalization of $147.49 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 4.53 and a beta of 0.40. The stock’s 50-day simple moving average is $61.43 and its 200-day simple moving average is $61.65.

Unilever Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 15th were issued a $0.5175 dividend. The ex-dividend date of this dividend was Friday, August 15th. This is an increase from Unilever’s previous quarterly dividend of $0.52. This represents a $2.07 dividend on an annualized basis and a dividend yield of 3.4%. Unilever’s dividend payout ratio 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.