Archford Capital Strategies LLC Buys New Stake in Unilever PLC (NYSE:UL)

Archford Capital Strategies LLC purchased a new stake in shares of Unilever PLC (NYSE:UL) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,867 shares of the company’s stock, valued at approximately $213,000.

Several other institutional investors have also bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Unilever by 5.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,125 shares of the company’s stock valued at $2,382,000 after purchasing an additional 2,728 shares during the last quarter. International Assets Investment Management LLC increased its position in Unilever by 3,718.5% during the fourth quarter. International Assets Investment Management LLC now owns 171,641 shares of the company’s stock valued at $8,321,000 after acquiring an additional 167,146 shares during the last quarter. Cerity Partners LLC raised its stake in shares of Unilever by 8.5% in the fourth quarter. Cerity Partners LLC now owns 96,377 shares of the company’s stock valued at $4,672,000 after acquiring an additional 7,540 shares during the period. Cullen Investment Group LTD. bought a new stake in shares of Unilever in the 4th quarter worth about $281,000. Finally, Dakota Wealth Management boosted its stake in shares of Unilever by 0.8% during the 4th quarter. Dakota Wealth Management now owns 61,896 shares of the company’s stock worth $3,001,000 after purchasing an additional 473 shares during the period. Institutional investors own 9.67% of the company’s stock.

Unilever Stock Performance

Shares of UL traded down $0.41 during midday trading on Friday, hitting $60.94. 652,276 shares of the company’s stock traded hands, compared to its average volume of 2,809,049. Unilever PLC has a 1 year low of $46.16 and a 1 year high of $62.65. The firm’s fifty day moving average is $57.76 and its 200-day moving average is $53.13.

Unilever Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 9th will be paid a dividend of $0.4773 per share. This is a positive change from Unilever’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, August 9th. This represents a $1.91 dividend on an annualized basis and a yield of 3.13%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on UL. Argus increased their price objective on shares of Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. TD Cowen started coverage on Unilever in a research note on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price target for the company. Redburn Atlantic raised Unilever from a “neutral” rating to a “buy” rating in a research report on Friday, June 7th. StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a research report on Saturday, August 3rd. Finally, UBS Group raised shares of Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. Four research analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $58.33.

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.