Marks Group Wealth Management Inc Has $1.11 Million Position in Unilever PLC (NYSE:UL)

Marks Group Wealth Management Inc grew its holdings in Unilever PLC (NYSE:UL) by 18.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,120 shares of the company’s stock after buying an additional 2,627 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Unilever were worth $1,112,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in UL. ST Germain D J Co. Inc. lifted its holdings in Unilever by 423.8% during the 2nd quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after buying an additional 428 shares in the last quarter. Abich Financial Wealth Management LLC lifted its stake in shares of Unilever by 393.5% during the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock valued at $29,000 after acquiring an additional 425 shares during the period. 1620 Investment Advisors Inc. bought a new position in Unilever in the second quarter valued at about $30,000. Webster Bank N. A. increased its position in Unilever by 54.3% in the second quarter. Webster Bank N. A. now owns 617 shares of the company’s stock worth $34,000 after purchasing an additional 217 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in Unilever during the 3rd quarter worth about $35,000. 9.67% of the stock is owned by institutional investors.

Unilever Price Performance

Shares of UL stock opened at $59.27 on Thursday. Unilever PLC has a 12-month low of $46.46 and a 12-month high of $65.87. The firm has a fifty day moving average of $63.56 and a 200-day moving average of $59.00.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be issued a $0.4755 dividend. This is an increase from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 annualized dividend and a dividend yield of 3.21%. The ex-dividend date is Friday, November 8th.

Wall Street Analysts Forecast Growth

UL has been the topic of several recent research reports. TD Cowen started 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. UBS Group raised shares of Unilever to a “strong sell” rating in a report on Tuesday, July 30th. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a research note on Friday, October 4th. Finally, Bank of America upgraded Unilever from an “underperform” rating to a “buy” rating and raised their price target for the stock from $47.00 to $72.00 in a research report on Thursday, August 22nd. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $61.75.

About Unilever

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.