Unilever PLC (NYSE:UL) Shares Sold by Bar Harbor Wealth Management

Bar Harbor Wealth Management reduced its position in shares of Unilever PLC (NYSE:UL - Free Report) by 80.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,854 shares of the company's stock after selling 40,834 shares during the period. Bar Harbor Wealth Management's holdings in Unilever were worth $587,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. VSM Wealth Advisory LLC purchased a new position in shares of Unilever during the 4th quarter worth $28,000. Roxbury Financial LLC purchased a new stake in Unilever during the 4th quarter valued at about $30,000. Vermillion Wealth Management Inc. acquired a new stake in shares of Unilever during the 4th quarter valued at about $30,000. Mainstream Capital Management LLC acquired a new position in Unilever in the 4th quarter valued at $31,000. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of Unilever during the 4th quarter valued at approximately $39,000. 9.67% of the stock is owned by institutional investors.

Unilever Stock Down 1.6%

Shares of UL traded down $1.03 during trading hours on Friday, reaching $62.62. 1,987,927 shares of the company traded hands, compared to its average volume of 2,481,624. The business has a fifty day moving average price of $62.74 and a 200-day moving average price of $59.45. Unilever PLC has a 12-month low of $54.32 and a 12-month high of $65.87. The stock has a market capitalization of $153.91 billion, a P/E ratio of 17.94, a P/E/G ratio of 1.60 and a beta of 0.43.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 16th were issued a dividend of $0.5151 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.29%. This is an increase from Unilever's previous quarterly dividend of $0.47. The ex-dividend date was Friday, May 16th. Unilever's payout ratio is 59.03%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on UL shares. BNP Paribas Exane initiated coverage on shares of Unilever in a research note on Thursday, May 29th. They set an "outperform" rating and a $73.00 target price for the company. UBS Group raised shares of Unilever from a "strong sell" rating to a "hold" rating in a research report on Friday, May 2nd. Wall Street Zen downgraded Unilever from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. DZ Bank raised Unilever from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Finally, BNP Paribas raised shares of Unilever to a "strong-buy" rating in a report on Thursday, May 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $70.67.

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.