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

ST Germain D J Co. Inc. raised its holdings in shares of Unilever PLC (NYSE:UL) by 62.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 861 shares of the company’s stock after acquiring an additional 332 shares during the quarter. ST Germain D J Co. Inc.’s holdings in Unilever were worth $56,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of UL. Dimensional Fund Advisors LP increased its holdings in Unilever by 26.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,384,944 shares of the company’s stock worth $241,145,000 after acquiring an additional 911,443 shares in the last quarter. Lazard Asset Management LLC increased its stake in shares of Unilever by 19.3% in the first quarter. Lazard Asset Management LLC now owns 4,132,640 shares of the company’s stock worth $207,416,000 after purchasing an additional 668,913 shares in the last quarter. Equity Investment Corp raised its position in shares of Unilever by 107.1% during the 1st quarter. Equity Investment Corp now owns 2,910,751 shares of the company’s stock valued at $146,091,000 after purchasing an additional 1,505,233 shares during the period. Saratoga Research & Investment Management lifted its stake in shares of Unilever by 0.8% during the 2nd quarter. Saratoga Research & Investment Management now owns 2,767,207 shares of the company’s stock valued at $152,169,000 after buying an additional 22,325 shares in the last quarter. Finally, Fiera Capital Corp lifted its stake in shares of Unilever by 1,866.0% during the 2nd quarter. Fiera Capital Corp now owns 2,135,859 shares of the company’s stock valued at $117,451,000 after buying an additional 2,027,221 shares in the last quarter. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UL has been the topic of a number of recent analyst reports. UBS Group raised Unilever to a “strong sell” rating in a report on Tuesday, July 30th. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research report on Friday, October 4th. TD Cowen assumed coverage on shares of Unilever in a research report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 target price for the company. Finally, Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and lifted their price target for the company from $47.00 to $72.00 in a report on Thursday, August 22nd. Three research analysts have rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $61.75.

Unilever Stock Up 0.1 %

Shares of NYSE:UL opened at $62.95 on Friday. The firm has a fifty day simple moving average of $63.71 and a two-hundred day simple moving average of $57.73. Unilever PLC has a 52 week low of $46.16 and a 52 week high of $65.87. The stock has a market capitalization of $157.57 billion, a P/E ratio of 18.30, a PEG ratio of 1.89 and a beta of 0.48.

Unilever Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 9th were given a $0.4773 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.91 annualized dividend and a yield of 3.03%. This is a positive change from Unilever’s previous quarterly dividend of $0.46. Unilever’s dividend payout ratio (DPR) is currently 54.65%.

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.