Retirement Guys Formula LLC Buys 3,123 Shares of Unilever PLC (NYSE:UL)

Retirement Guys Formula LLC lifted its stake in Unilever PLC (NYSE:UL) by 32.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,611 shares of the company’s stock after purchasing an additional 3,123 shares during the period. Retirement Guys Formula LLC’s holdings in Unilever were worth $633,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Rhumbline Advisers lifted its stake in Unilever by 3.0% in the third quarter. Rhumbline Advisers now owns 53,913 shares of the company’s stock worth $2,663,000 after acquiring an additional 1,580 shares during the period. Advisors Asset Management Inc. lifted its stake in Unilever by 17.5% in the third quarter. Advisors Asset Management Inc. now owns 53,353 shares of the company’s stock worth $2,636,000 after acquiring an additional 7,937 shares during the period. Evergreen Capital Management LLC lifted its stake in Unilever by 15.1% in the third quarter. Evergreen Capital Management LLC now owns 12,447 shares of the company’s stock worth $615,000 after acquiring an additional 1,631 shares during the period. Lido Advisors LLC lifted its stake in Unilever by 3.0% in the third quarter. Lido Advisors LLC now owns 7,890 shares of the company’s stock worth $390,000 after acquiring an additional 229 shares during the period. Finally, Sei Investments Co. lifted its stake in Unilever by 1.6% in the third quarter. Sei Investments Co. now owns 394,801 shares of the company’s stock worth $19,505,000 after acquiring an additional 6,341 shares during the period. 9.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on UL shares. StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a research report on Thursday, June 27th. Redburn Atlantic raised shares of Unilever from a “neutral” rating to a “buy” rating in a research report on Friday, June 7th. JPMorgan Chase & Co. raised shares of Unilever from an “underweight” rating to an “overweight” rating in a research report on Thursday, May 23rd. Finally, Argus increased their price target on shares of Unilever from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $54.00.

Unilever Stock Performance

Shares of Unilever stock traded up $0.17 during midday trading on Thursday, hitting $54.99. The company had a trading volume of 921,672 shares, compared to its average volume of 2,062,526. The company has a fifty day simple moving average of $54.44 and a 200 day simple moving average of $50.82. Unilever PLC has a 12-month low of $46.16 and a 12-month high of $56.47.

Unilever Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were given a $0.4556 dividend. This represents a $1.82 annualized dividend and a dividend yield of 3.31%. The ex-dividend date was Thursday, May 16th.

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.