QRG Capital Management Inc. Buys 833 Shares of Unilever PLC $UL

QRG Capital Management Inc. increased its stake in shares of Unilever PLC (NYSE:UL) by 0.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 226,953 shares of the company’s stock after buying an additional 833 shares during the quarter. QRG Capital Management Inc.’s holdings in Unilever were worth $13,883,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Mission Wealth Management LP lifted its position in shares of Unilever by 1.4% during the 1st quarter. Mission Wealth Management LP now owns 11,497 shares of the company’s stock worth $685,000 after buying an additional 159 shares during the period. Gallacher Capital Management LLC lifted its position in shares of Unilever by 1.9% during the 2nd quarter. Gallacher Capital Management LLC now owns 8,700 shares of the company’s stock worth $532,000 after buying an additional 165 shares during the period. Essex Financial Services Inc. lifted its position in shares of Unilever by 1.0% during the 1st quarter. Essex Financial Services Inc. now owns 16,246 shares of the company’s stock worth $967,000 after buying an additional 168 shares during the period. SBI Securities Co. Ltd. lifted its position in shares of Unilever by 0.8% during the 1st quarter. SBI Securities Co. Ltd. now owns 21,492 shares of the company’s stock worth $1,280,000 after buying an additional 172 shares during the period. Finally, Cardinal Capital Management lifted its position in shares of Unilever by 0.4% during the 1st quarter. Cardinal Capital Management now owns 39,953 shares of the company’s stock worth $2,379,000 after buying an additional 176 shares during the period. Institutional investors own 9.67% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a research report on Sunday, August 3rd. Zacks Research upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Unilever in a research report on Saturday, September 27th. Finally, CICC Research assumed coverage on Unilever in a research report on Thursday, August 21st. They issued an “outperform” rating for the company. Three equities research analysts have rated the stock with a Strong Buy rating, four have given 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, Unilever has an average rating of “Moderate Buy” and a consensus price target of $73.00.

Unilever Stock Performance

NYSE UL opened at $59.04 on Friday. The stock has a fifty day moving average of $61.46 and a 200-day moving average of $61.61. The stock has a market capitalization of $144.85 billion, a P/E ratio of 16.92, a price-to-earnings-growth ratio of 3.55 and a beta of 0.40. Unilever PLC has a 52 week low of $54.32 and a 52 week high of $65.66.

Unilever Increases Dividend

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