Capstone Investment Advisors LLC Purchases Shares of 4,957 Unilever PLC (NYSE:UL)

Capstone Investment Advisors LLC purchased a new stake in shares of Unilever PLC (NYSE:UL) during the 3rd quarter, HoldingsChannel reports. The fund purchased 4,957 shares of the company’s stock, valued at approximately $322,000.

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

Unilever Stock Performance

Shares of UL opened at $59.84 on Friday. The company has a market capitalization of $148.43 billion, a PE ratio of 17.97, a PEG ratio of 1.81 and a beta of 0.49. The company’s 50 day moving average price is $61.34 and its 200 day moving average price is $59.77. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87.

Unilever Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.4755 per share. This is a boost from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Friday, November 8th. Unilever’s payout ratio is currently 56.46%.

Wall Street Analysts Forecast Growth

UL has been the subject of several recent analyst reports. Erste Group Bank reiterated a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Bank of America raised shares of Unilever from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $47.00 to $72.00 in a research note on Thursday, August 22nd. Finally, StockNews.com downgraded shares of Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Three analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $61.75.

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.