Unilever PLC (NYSE:UL) Stock Position Lifted by Foresight Capital Management Advisors Inc.

Foresight Capital Management Advisors Inc. grew its position in Unilever PLC (NYSE:UL) by 3.3% in the second quarter, Holdings Channel.com reports. The fund owned 44,295 shares of the company’s stock after buying an additional 1,397 shares during the period. Unilever makes up approximately 1.6% of Foresight Capital Management Advisors Inc.’s investment portfolio, making the stock its 28th largest position. Foresight Capital Management Advisors Inc.’s holdings in Unilever were worth $2,436,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC lifted its holdings in Unilever by 3,718.5% in the fourth quarter. International Assets Investment Management LLC now owns 171,641 shares of the company’s stock worth $8,321,000 after acquiring an additional 167,146 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Unilever by 5.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,125 shares of the company’s stock worth $2,382,000 after buying an additional 2,728 shares during the last quarter. Americana Partners LLC increased its position in Unilever by 67.6% in the fourth quarter. Americana Partners LLC now owns 31,843 shares of the company’s stock worth $1,544,000 after buying an additional 12,839 shares during the period. Pinion Investment Advisors LLC increased its position in Unilever by 13.2% in the fourth quarter. Pinion Investment Advisors LLC now owns 6,638 shares of the company’s stock worth $322,000 after buying an additional 775 shares during the period. Finally, BSW Wealth Partners acquired a new position in shares of Unilever during the fourth quarter valued at $320,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Stock Up 0.5 %

Shares of Unilever stock traded up $0.31 during trading on Thursday, hitting $61.42. 1,717,600 shares of the stock traded hands, compared to its average volume of 2,825,669. The company has a fifty day moving average price of $57.25 and a two-hundred day moving average price of $52.67. Unilever PLC has a twelve month low of $46.16 and a twelve month high of $62.65.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 9th will be issued a dividend of $0.4773 per share. The ex-dividend date is Friday, August 9th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 3.11%. This is an increase from Unilever’s previous quarterly dividend of $0.46.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on UL shares. Redburn Atlantic upgraded shares of Unilever from a “neutral” rating to a “buy” rating in a research note on Friday, June 7th. Argus raised their price objective on shares of Unilever from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research report on Saturday, August 3rd. UBS Group upgraded Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. upgraded Unilever from an “underweight” rating to an “overweight” rating in a report on Thursday, May 23rd. Four research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Unilever has an average rating of “Hold” and a consensus 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.