Atria Wealth Solutions Inc. Cuts Holdings in Unilever PLC $UL

Atria Wealth Solutions Inc. decreased its stake in shares of Unilever PLC (NYSE:UL - Free Report) by 15.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,172 shares of the company's stock after selling 11,463 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Unilever were worth $3,926,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Wellington Management Group LLP increased its holdings in Unilever by 13.9% during the 1st quarter. Wellington Management Group LLP now owns 28,100,442 shares of the company's stock worth $1,673,381,000 after purchasing an additional 3,421,054 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Unilever by 2.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 3,925,891 shares of the company's stock worth $233,787,000 after acquiring an additional 95,359 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of Unilever by 7.1% during the 1st quarter. Raymond James Financial Inc. now owns 3,340,231 shares of the company's stock worth $198,911,000 after acquiring an additional 221,958 shares in the last quarter. Hamlin Capital Management LLC boosted its position in shares of Unilever by 6.8% during the 1st quarter. Hamlin Capital Management LLC now owns 3,070,860 shares of the company's stock worth $182,870,000 after acquiring an additional 195,931 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Unilever by 4.3% during the 1st quarter. Northern Trust Corp now owns 2,260,133 shares of the company's stock worth $134,591,000 after acquiring an additional 93,677 shares in the last quarter. Hedge funds and other institutional investors own 9.67% of the company's stock.

Unilever Stock Up 1.5%

Shares of NYSE UL opened at $61.00 on Wednesday. The stock has a market cap of $149.68 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 4.50 and a beta of 0.40. Unilever PLC has a 52-week low of $54.32 and a 52-week high of $65.66. The business has a 50-day moving average price of $61.45 and a 200 day moving average price of $61.65.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 15th were given a $0.5175 dividend. This is a boost from Unilever's previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.07 dividend on an annualized basis and a dividend yield of 3.4%. Unilever's payout ratio is currently 59.31%.

Analysts Set New Price Targets

Several research firms have recently issued reports on UL. Zacks Research raised Unilever from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 17th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Unilever in a research report on Wednesday, October 8th. Jefferies Financial Group reaffirmed an "underperform" rating on shares of Unilever in a research report on Sunday, August 3rd. Finally, CICC Research initiated coverage on Unilever in a research report on Thursday, August 21st. They set an "outperform" rating for the company. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Unilever has an average rating of "Moderate Buy" and an average target price of $73.00.

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.

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