Moody Lynn & Lieberson LLC Invests $234,000 in Unilever PLC (NYSE:UL)

Moody Lynn & Lieberson LLC acquired a new position in Unilever PLC (NYSE:UL) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,604 shares of the company’s stock, valued at approximately $234,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Red Tortoise LLC purchased a new stake in Unilever during the first quarter worth $26,000. ST Germain D J Co. Inc. boosted its holdings in Unilever by 423.8% during the second 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 boosted its holdings in Unilever by 393.5% during the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock worth $29,000 after buying an additional 425 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new stake in Unilever during the second quarter worth $30,000. Finally, Quent Capital LLC purchased a new stake in Unilever during the first quarter worth $28,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Stock Performance

NYSE UL opened at $61.69 on Friday. The firm has a 50 day simple moving average of $63.79 and a 200-day simple moving average of $58.04. Unilever PLC has a one year low of $46.16 and a one year high of $65.87. The firm has a market cap of $154.42 billion, a price-to-earnings ratio of 18.25, a PEG ratio of 1.86 and a beta of 0.48.

Unilever Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 8th will be paid a $0.4755 dividend. The ex-dividend date is Friday, November 8th. This is an increase from Unilever’s previous dividend of $0.35. Unilever’s payout ratio is currently 55.62%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Bank of America raised shares of Unilever from an “underperform” rating to a “buy” rating and increased their price target for the stock from $47.00 to $72.00 in a report on Thursday, August 22nd. TD Cowen assumed coverage on shares of Unilever in a report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price objective on the stock. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a research note on Friday, October 4th. Finally, UBS Group raised shares of Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average 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.