Gilman Hill Asset Management LLC Increases Stock Position in Unilever PLC (NYSE:UL)

Gilman Hill Asset Management LLC lifted its stake in Unilever PLC (NYSE:ULGet Rating) by 3.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,046 shares of the company’s stock after purchasing an additional 1,624 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Unilever were worth $2,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Five Oceans Advisors raised its position in shares of Unilever by 27.9% in the 2nd quarter. Five Oceans Advisors now owns 7,537 shares of the company’s stock worth $345,000 after purchasing an additional 1,646 shares during the last quarter. PDS Planning Inc purchased a new position in shares of Unilever in the 2nd quarter worth about $266,000. Marcum Wealth LLC increased its holdings in Unilever by 20.0% in the 2nd quarter. Marcum Wealth LLC now owns 13,353 shares of the company’s stock worth $612,000 after buying an additional 2,228 shares in the last quarter. Raymond James Trust N.A. increased its holdings in Unilever by 19.7% in the 2nd quarter. Raymond James Trust N.A. now owns 64,834 shares of the company’s stock worth $2,971,000 after buying an additional 10,690 shares in the last quarter. Finally, Butensky & Cohen Financial Security Inc. increased its holdings in Unilever by 31.8% in the 2nd quarter. Butensky & Cohen Financial Security Inc. now owns 84,454 shares of the company’s stock worth $3,871,000 after buying an additional 20,395 shares in the last quarter. Hedge funds and other institutional investors own 9.68% of the company’s stock.

Unilever Stock Down 3.6 %

NYSE UL traded down $1.65 during trading hours on Friday, reaching $44.01. The company’s stock had a trading volume of 36,772 shares, compared to its average volume of 1,933,305. The firm’s 50-day moving average price is $46.77 and its 200-day moving average price is $45.79. Unilever PLC has a 1 year low of $42.54 and a 1 year high of $55.20.

Unilever Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Friday, August 5th were given a dividend of $0.4555 per share. The ex-dividend date of this dividend was Thursday, August 4th. This represents a $1.82 annualized dividend and a dividend yield of 4.14%. This is an increase from Unilever’s previous quarterly dividend of $0.45.

Analysts Set New Price Targets

UL has been the subject of several research analyst reports. Sanford C. Bernstein upgraded Unilever from a “market perform” rating to an “outperform” rating in a report on Friday, July 22nd. DZ Bank downgraded Unilever from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th. Deutsche Bank Aktiengesellschaft upgraded Unilever from a “hold” rating to a “buy” rating in a research note on Tuesday, July 26th. Finally, StockNews.com began coverage on Unilever in a research note on Friday, September 16th. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

About Unilever

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Unilever PLC operates as a fast-moving consumer goods company. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment provides skin care and hair care products, deodorants, and skin cleansing products. The Foods & Refreshment segment offers ice cream, soups, bouillons, seasonings, mayonnaise, ketchups, and tea categories.

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Institutional Ownership by Quarter for Unilever (NYSE:UL)

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