Wallace Capital Management Inc. Has $16.72 Million Stake in Unilever PLC (NYSE:UL)

Wallace Capital Management Inc. increased its holdings in Unilever PLC (NYSE:UL) by 6.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 303,982 shares of the company’s stock after buying an additional 17,568 shares during the period. Unilever accounts for 2.1% of Wallace Capital Management Inc.’s investment portfolio, making the stock its 10th biggest position. Wallace Capital Management Inc.’s holdings in Unilever were worth $16,716,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in Unilever by 3.3% in the 4th quarter. Wellington Management Group LLP now owns 34,494,131 shares of the company’s stock valued at $1,672,275,000 after purchasing an additional 1,114,417 shares during the period. Fisher Asset Management LLC boosted its holdings in Unilever by 9.6% in the 4th quarter. Fisher Asset Management LLC now owns 10,830,250 shares of the company’s stock valued at $525,051,000 after purchasing an additional 951,446 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its holdings in Unilever by 5.3% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 6,548,241 shares of the company’s stock valued at $317,459,000 after purchasing an additional 329,705 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Unilever by 26.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,384,944 shares of the company’s stock valued at $241,145,000 after purchasing an additional 911,443 shares during the period. Finally, Lazard Asset Management LLC boosted its holdings in Unilever by 19.3% in the 1st quarter. Lazard Asset Management LLC now owns 4,132,640 shares of the company’s stock valued at $207,416,000 after purchasing an additional 668,913 shares during the period. 9.67% of the stock is owned by institutional investors.

Unilever Trading Up 0.3 %

UL stock opened at $65.44 on Monday. The firm’s 50-day moving average price is $62.83 and its two-hundred day moving average price is $56.35. Unilever PLC has a 12-month low of $46.16 and a 12-month high of $65.87. The stock has a market capitalization of $163.81 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 1.95 and a beta of 0.48.

Unilever Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 9th were paid a dividend of $0.4773 per share. This is a positive change from Unilever’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 2.92%. Unilever’s payout ratio is presently 54.81%.

Analyst Upgrades and Downgrades

Several brokerages have commented on UL. UBS Group raised shares of Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Redburn Atlantic upgraded shares of Unilever from a “neutral” rating to a “buy” rating in a research report on Friday, June 7th. TD Cowen started coverage on shares of Unilever in a research report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price objective on the stock. StockNews.com cut shares of Unilever from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and raised their price objective for the company from $47.00 to $72.00 in a research report on Thursday, August 22nd. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, Unilever currently has an average rating of “Hold” and an average target price of $61.75.

Unilever 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.