Jacobi Capital Management LLC Buys 628 Shares of Unilever PLC $UL

Jacobi Capital Management LLC grew its stake in shares of Unilever PLC (NYSE:UL) by 7.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,520 shares of the company’s stock after buying an additional 628 shares during the period. Jacobi Capital Management LLC’s holdings in Unilever were worth $567,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UL. Wellington Management Group LLP boosted its holdings in 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 buying an additional 3,421,054 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Unilever by 7,286.5% during the first quarter. GAMMA Investing LLC now owns 781,713 shares of the company’s stock worth $46,551,000 after buying an additional 771,130 shares during the last quarter. Clark Capital Management Group Inc. bought a new position in Unilever during the first quarter worth about $45,413,000. BNP Paribas Financial Markets boosted its holdings in Unilever by 764.5% during the first quarter. BNP Paribas Financial Markets now owns 775,561 shares of the company’s stock worth $46,185,000 after buying an additional 685,848 shares during the last quarter. Finally, Factory Mutual Insurance Co. bought a new position in Unilever during the first quarter worth about $34,533,000. Institutional investors own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. BNP Paribas Exane assumed coverage on Unilever in a report on Thursday, May 29th. They set an “outperform” rating and a $73.00 price objective on the stock. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a report on Sunday, August 3rd. CICC Research assumed coverage on Unilever in a report on Thursday, August 21st. They set an “outperform” rating on the stock. Finally, BNP Paribas upgraded Unilever to a “strong-buy” rating in a report on Thursday, May 29th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Unilever currently has an average rating of “Moderate Buy” and an average target price of $73.00.

Unilever Stock Performance

NYSE UL opened at $62.90 on Friday. The stock 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. The stock’s 50 day moving average price is $61.55 and its two-hundred day moving average price is $61.39. Unilever PLC has a 52 week low of $54.32 and a 52 week high of $65.87.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 15th were paid a $0.5175 dividend. This represents a $2.07 annualized dividend and a yield of 3.3%. 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 (DPR) is presently 59.31%.

Unilever Company 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.