Ashton Thomas Private Wealth LLC Has $640,000 Stock Holdings in Unilever PLC (NYSE:UL)

Ashton Thomas Private Wealth LLC increased its holdings in shares of Unilever PLC (NYSE:UL) by 3.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,847 shares of the company’s stock after buying an additional 354 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Unilever were worth $640,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Mayflower Financial Advisors LLC increased its holdings in shares of Unilever by 4.1% in the 2nd quarter. Mayflower Financial Advisors LLC now owns 4,193 shares of the company’s stock valued at $231,000 after purchasing an additional 167 shares during the period. O Brien Greene & Co. Inc increased its stake in Unilever by 2.7% in the 2nd quarter. O Brien Greene & Co. Inc now owns 6,653 shares of the company’s stock valued at $366,000 after buying an additional 174 shares during the period. Crewe Advisors LLC increased its stake in Unilever by 17.3% in the 2nd quarter. Crewe Advisors LLC now owns 1,186 shares of the company’s stock valued at $65,000 after buying an additional 175 shares during the period. Bailard Inc. lifted its position in Unilever by 1.2% in the 2nd quarter. Bailard Inc. now owns 15,014 shares of the company’s stock worth $826,000 after buying an additional 179 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its stake in shares of Unilever by 7.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,781 shares of the company’s stock valued at $181,000 after buying an additional 181 shares during the period. 9.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UL has been the subject of several recent research reports. 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. TD Cowen started coverage on Unilever in a research note on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price target for the company. UBS Group upgraded Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Finally, StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a report on Tuesday. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $61.75.

Unilever Stock Performance

UL opened at $57.40 on Friday. The company has a market cap of $142.90 billion, a PE ratio of 16.98, a price-to-earnings-growth ratio of 1.74 and a beta of 0.49. The stock has a 50-day moving average of $62.91 and a 200-day moving average of $59.32. Unilever PLC has a 52-week low of $46.46 and a 52-week high of $65.87.

Unilever Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be given a dividend of $0.4755 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.90 dividend on an annualized basis and a yield of 3.31%. This is a boost from Unilever’s previous quarterly dividend of $0.35. Unilever’s dividend payout ratio is presently 55.62%.

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.