SPC Financial Inc. Increases Stake in Unilever PLC (NYSE:UL)

SPC Financial Inc. increased its holdings in shares of Unilever PLC (NYSE:UL) by 6.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,975 shares of the company’s stock after buying an additional 300 shares during the period. SPC Financial Inc.’s holdings in Unilever were worth $250,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. increased its stake in Unilever by 22.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 6,496 shares of the company’s stock worth $326,000 after buying an additional 1,209 shares during the period. Lester Murray Antman dba SimplyRich grew its holdings in Unilever by 1.5% during the 1st quarter. Lester Murray Antman dba SimplyRich now owns 32,669 shares of the company’s stock worth $1,640,000 after acquiring an additional 495 shares in the last quarter. Signaturefd LLC grew its holdings in Unilever by 13.2% during the 1st quarter. Signaturefd LLC now owns 36,419 shares of the company’s stock worth $1,828,000 after acquiring an additional 4,237 shares in the last quarter. Smithbridge Asset Management Inc. DE grew its holdings in Unilever by 1.3% during the 1st quarter. Smithbridge Asset Management Inc. DE now owns 57,808 shares of the company’s stock worth $2,901,000 after acquiring an additional 736 shares in the last quarter. Finally, Callan Capital LLC grew its holdings in Unilever by 16.8% during the 1st quarter. Callan Capital LLC now owns 5,425 shares of the company’s stock worth $272,000 after acquiring an additional 782 shares in the last quarter. 9.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UL has been the subject of several analyst reports. StockNews.com cut shares of Unilever from a “buy” rating to a “hold” rating in a report on Thursday, June 27th. JPMorgan Chase & Co. upgraded shares of Unilever from an “underweight” rating to an “overweight” rating in a research note on Thursday, May 23rd. Redburn Atlantic upgraded shares of Unilever from a “neutral” rating to a “buy” rating in a research note on Friday, June 7th. Finally, Argus increased their price target on shares of Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $54.00.

Unilever Trading Up 1.0 %

UL opened at $57.22 on Friday. The firm’s 50 day moving average is $54.96 and its 200-day moving average is $51.13. Unilever PLC has a 52-week low of $46.16 and a 52-week high of $57.26.

Unilever Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were paid a dividend of $0.4556 per share. The ex-dividend date was Thursday, May 16th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.18%.

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.