Seven Mile Advisory Invests $246,000 in Unilever PLC (NYSE:UL)

Seven Mile Advisory acquired a new stake in Unilever PLC (NYSE:UL) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 4,481 shares of the company’s stock, valued at approximately $246,000.

A number of other large investors have also made changes to their positions in the company. Red Tortoise LLC acquired a new stake in shares of Unilever during the first quarter worth about $26,000. ST Germain D J Co. Inc. raised its holdings in Unilever by 423.8% during the 2nd 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 during the period. 1620 Investment Advisors Inc. bought a new position in Unilever in the second quarter valued at approximately $30,000. Quent Capital LLC bought a new position in Unilever in the first quarter valued at approximately $28,000. Finally, Rise Advisors LLC bought a new stake in shares of Unilever during the first quarter worth $28,000. Institutional investors own 9.67% of the company’s stock.

Unilever Stock Performance

UL stock opened at $65.06 on Friday. Unilever PLC has a twelve month low of $46.16 and a twelve month high of $65.86. The business has a 50 day moving average price of $61.26 and a two-hundred day moving average price of $55.21.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 9th were paid a $0.4773 dividend. The ex-dividend date was Friday, August 9th. This is a boost from Unilever’s previous quarterly dividend of $0.46. This represents a $1.91 annualized dividend and a dividend yield of 2.93%.

Wall Street Analyst Weigh In

Several research firms recently commented on UL. TD Cowen assumed coverage on shares of Unilever in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price objective on the stock. JPMorgan Chase & Co. upgraded Unilever from an “underweight” rating to an “overweight” rating in a report on Thursday, May 23rd. Bank of America upgraded Unilever from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $47.00 to $72.00 in a report on Thursday, August 22nd. UBS Group upgraded Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. Finally, StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a research note on Saturday, August 3rd. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Unilever currently has an average rating of “Hold” and a consensus price target of $61.75.

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.