Tectonic Advisors LLC Has $1.47 Million Stake in Unilever PLC $UL

Tectonic Advisors LLC trimmed its stake in shares of Unilever PLC (NYSE:UL) by 6.5% during the second quarter, Holdings Channel.com reports. The firm owned 24,050 shares of the company’s stock after selling 1,660 shares during the period. Tectonic Advisors LLC’s holdings in Unilever were worth $1,471,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of UL. Mission Wealth Management LP lifted its stake in Unilever by 1.4% in the first quarter. Mission Wealth Management LP now owns 11,497 shares of the company’s stock valued at $685,000 after acquiring an additional 159 shares during the last quarter. Gallacher Capital Management LLC raised its position in shares of Unilever by 1.9% in the second quarter. Gallacher Capital Management LLC now owns 8,700 shares of the company’s stock valued at $532,000 after purchasing an additional 165 shares during the period. Essex Financial Services Inc. raised its position in shares of Unilever by 1.0% in the first quarter. Essex Financial Services Inc. now owns 16,246 shares of the company’s stock valued at $967,000 after purchasing an additional 168 shares during the period. SBI Securities Co. Ltd. raised its position in shares of Unilever by 0.8% in the first quarter. SBI Securities Co. Ltd. now owns 21,492 shares of the company’s stock valued at $1,280,000 after purchasing an additional 172 shares during the period. Finally, Cardinal Capital Management raised its position in shares of Unilever by 0.4% in the first quarter. Cardinal Capital Management now owns 39,953 shares of the company’s stock valued at $2,379,000 after purchasing an additional 176 shares during the period. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Stock Performance

NYSE:UL opened at $58.94 on Friday. Unilever PLC has a 52 week low of $54.32 and a 52 week high of $65.66. The firm has a market cap of $144.62 billion, a price-to-earnings ratio of 16.89, a P/E/G ratio of 4.26 and a beta of 0.40. The firm’s 50-day simple moving average is $61.44 and its 200 day simple moving average is $61.59.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 15th were given a dividend of $0.5175 per share. This is a positive change from Unilever’s previous quarterly dividend of $0.52. This represents a $2.07 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Unilever’s payout ratio is 59.31%.

Analyst Upgrades and Downgrades

UL has been the topic of several research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Unilever in a research report on Wednesday. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a research report on Sunday, August 3rd. Zacks Research raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 17th. Finally, CICC Research initiated coverage on shares of Unilever in a research report on Thursday, August 21st. They issued an “outperform” rating on the stock. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Unilever currently has a consensus rating of “Moderate Buy” and an average target price 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.