ST Germain D J Co. Inc. Boosts Holdings in Unilever PLC (NYSE:UL)

ST Germain D J Co. Inc. grew its position in shares of Unilever PLC (NYSE:UL) by 423.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 529 shares of the company’s stock after purchasing an additional 428 shares during the period. ST Germain D J Co. Inc.’s holdings in Unilever were worth $29,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Unilever during the second quarter worth $45,000. HBW Advisory Services LLC grew its stake in Unilever by 21.3% during the 2nd quarter. HBW Advisory Services LLC now owns 50,142 shares of the company’s stock worth $2,757,000 after buying an additional 8,792 shares during the last quarter. Beese Fulmer Investment Management Inc. increased its holdings in shares of Unilever by 7.6% during the second quarter. Beese Fulmer Investment Management Inc. now owns 7,032 shares of the company’s stock valued at $387,000 after acquiring an additional 496 shares in the last quarter. Transcend Capital Advisors LLC increased its stake in Unilever by 59.0% during the 2nd quarter. Transcend Capital Advisors LLC now owns 14,040 shares of the company’s stock valued at $772,000 after purchasing an additional 5,208 shares in the last quarter. Finally, Old Port Advisors raised its stake in Unilever by 1.6% in the 1st quarter. Old Port Advisors now owns 57,200 shares of the company’s stock worth $2,871,000 after acquiring an additional 896 shares during the last quarter. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Unilever Stock Performance

UL traded up $0.60 on Tuesday, reaching $61.32. The company’s stock had a trading volume of 5,239,792 shares, compared to its average volume of 2,835,542. Unilever PLC has a fifty-two week low of $46.16 and a fifty-two week high of $62.65. The stock has a 50 day moving average of $56.80 and a two-hundred day moving average of $52.45.

Unilever Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 9th will be given 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 of this dividend is Friday, August 9th. This represents a $1.91 annualized dividend and a yield of 3.11%.

Analyst Ratings Changes

Several equities research analysts have commented on UL shares. Redburn Atlantic raised shares of Unilever from a “neutral” rating to a “buy” rating in a report on Friday, June 7th. Argus increased their price target on shares of Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. UBS Group raised shares of Unilever to a “strong sell” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. upgraded shares of Unilever from an “underweight” rating to an “overweight” rating in a research report on Thursday, May 23rd. Finally, TD Cowen assumed coverage on Unilever in a research report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 target price on the stock. Four analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Unilever has a consensus rating of “Hold” and an average price target of $58.33.

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.