Integrated Wealth Concepts LLC Decreases Stake in Unilever PLC $UL

Integrated Wealth Concepts LLC reduced its position in Unilever PLC (NYSE:UL) by 7.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,899 shares of the company’s stock after selling 1,159 shares during the period. Integrated Wealth Concepts LLC’s holdings in Unilever were worth $887,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. N.E.W. Advisory Services LLC bought a new stake in shares of Unilever in the 1st quarter valued at approximately $30,000. Vermillion Wealth Management Inc. bought a new stake in shares of Unilever in the 4th quarter valued at approximately $30,000. Brentview Investment Management LLC purchased a new position in shares of Unilever during the first quarter valued at approximately $33,000. Richardson Financial Services Inc. boosted its position in shares of Unilever by 209.0% during the first quarter. Richardson Financial Services Inc. now owns 618 shares of the company’s stock valued at $37,000 after buying an additional 418 shares during the period. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Unilever during the first quarter valued at approximately $63,000. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on UL shares. CICC Research started coverage on Unilever in a report on Thursday, August 21st. They issued an “outperform” rating on the stock. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a report on Sunday, August 3rd. BNP Paribas Exane began coverage on Unilever in a report on Thursday, May 29th. They issued an “outperform” rating and a $73.00 price target on the stock. Finally, BNP Paribas raised shares of Unilever to a “strong-buy” rating in a research note on Thursday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $73.00.

Unilever Stock Up 1.1%

UL opened at $63.48 on Friday. The stock’s fifty day moving average is $61.52 and its two-hundred day moving average is $61.34. The company has a market capitalization of $155.76 billion, a P/E ratio of 18.19, a PEG ratio of 3.86 and a beta of 0.40. Unilever PLC has a 52 week low of $54.32 and a 52 week high of $65.87.

Unilever Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 15th will be paid a $0.5175 dividend. This represents a $2.07 dividend on an annualized basis and a yield of 3.3%. This is a positive change from Unilever’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, August 15th. Unilever’s payout ratio is presently 59.31%.

Unilever Company 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.