Atomi Financial Group Inc. Has $1.16 Million Stake in Unilever PLC (NYSE:UL)

Atomi Financial Group Inc. increased its position in Unilever PLC (NYSE:UL) by 77.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,106 shares of the company’s stock after buying an additional 9,190 shares during the quarter. Atomi Financial Group Inc.’s holdings in Unilever were worth $1,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in UL. Red Tortoise LLC bought a new stake in shares of Unilever in the 1st quarter valued at about $26,000. Rise Advisors LLC acquired a new stake in Unilever during the 1st quarter worth about $28,000. Quent Capital LLC bought a new stake in shares of Unilever during the 1st quarter valued at about $28,000. ST Germain D J Co. Inc. lifted its stake in Unilever by 423.8% in the second quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock valued at $29,000 after buying an additional 428 shares during the period. Finally, YHB Investment Advisors Inc. bought a new position in shares of Unilever during the 1st quarter worth approximately $30,000. 9.67% of the stock is owned by institutional investors.

Unilever Trading Up 0.7 %

NYSE UL traded up $0.46 on Tuesday, reaching $64.09. The company had a trading volume of 2,353,247 shares, compared to its average volume of 2,802,337. The company’s fifty day moving average is $58.63 and its 200 day moving average is $53.81. Unilever PLC has a 52-week low of $46.16 and a 52-week high of $64.25.

Unilever Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 9th will be given a dividend of $0.4773 per share. This is a positive change from Unilever’s previous quarterly dividend of $0.46. This represents a $1.91 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend is Friday, August 9th.

Analysts Set New Price Targets

Several research firms have recently weighed in on UL. UBS Group upgraded shares of Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a report on Saturday, August 3rd. Bank of America upgraded Unilever from an “underperform” rating to a “buy” rating and raised their target price for the company from $47.00 to $72.00 in a research note on Thursday, August 22nd. JPMorgan Chase & Co. raised Unilever from an “underweight” rating to an “overweight” rating in a research note on Thursday, May 23rd. Finally, Argus boosted their price objective on Unilever from $58.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $61.75.

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.