Mayflower Financial Advisors LLC Acquires 167 Shares of Unilever PLC (NYSE:UL)

Mayflower Financial Advisors LLC lifted its holdings in shares of Unilever PLC (NYSE:UL) by 4.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 4,193 shares of the company’s stock after purchasing an additional 167 shares during the period. Mayflower Financial Advisors LLC’s holdings in Unilever were worth $231,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in UL. Red Tortoise LLC purchased a new position in Unilever during the first quarter worth about $26,000. Rise Advisors LLC purchased a new position in Unilever during the first quarter worth about $28,000. Quent Capital LLC purchased a new position in Unilever during the first quarter worth about $28,000. ST Germain D J Co. Inc. boosted its holdings in Unilever by 423.8% during the second quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after purchasing an additional 428 shares during the last quarter. Finally, YHB Investment Advisors Inc. purchased a new position in Unilever during the first quarter worth about $30,000. 9.67% of the stock is owned by institutional investors.

Unilever Stock Up 0.6 %

Unilever stock opened at $65.46 on Friday. The firm’s 50 day simple moving average is $60.04 and its 200 day simple moving average is $54.57. Unilever PLC has a 1-year low of $46.16 and a 1-year high of $65.72.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 9th will be issued a dividend of $0.4773 per share. This represents a $1.91 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date is Friday, August 9th. This is a positive change from Unilever’s previous quarterly dividend of $0.46.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on UL. UBS Group upgraded shares of Unilever to a “strong sell” rating in a report on Tuesday, July 30th. TD Cowen began coverage on shares of Unilever in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 target price on the stock. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and boosted their target price for the company from $47.00 to $72.00 in a research note on Thursday, August 22nd. Redburn Atlantic upgraded shares of Unilever from a “neutral” rating to a “buy” rating in a research note on Friday, June 7th. Finally, JPMorgan Chase & Co. upgraded shares of Unilever from an “underweight” rating to an “overweight” rating in a research note on Thursday, May 23rd. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $61.75.

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.