Unilever PLC (NYSE:UL) Shares Sold by Callahan Advisors LLC

Callahan Advisors LLC decreased its holdings in Unilever PLC (NYSE:UL - Free Report) by 18.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,600 shares of the company's stock after selling 8,500 shares during the period. Callahan Advisors LLC's holdings in Unilever were worth $2,239,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of UL. Norges Bank acquired a new position in shares of Unilever in the fourth quarter worth $153,606,000. Clearbridge Investments LLC grew its stake in shares of Unilever by 140.1% in the fourth quarter. Clearbridge Investments LLC now owns 3,719,284 shares of the company's stock worth $210,883,000 after acquiring an additional 2,170,242 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Unilever by 401.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,465,523 shares of the company's stock worth $83,095,000 after acquiring an additional 1,173,298 shares in the last quarter. D. E. Shaw & Co. Inc. grew its stake in shares of Unilever by 592.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,070,818 shares of the company's stock worth $60,715,000 after acquiring an additional 916,246 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Unilever by 7,286.5% in the first quarter. GAMMA Investing LLC now owns 781,713 shares of the company's stock worth $46,551,000 after acquiring an additional 771,130 shares in the last quarter. Institutional investors and hedge funds own 9.67% of the company's stock.

Unilever Stock Up 0.4%

UL traded up $0.22 on Monday, reaching $61.01. The company had a trading volume of 2,399,724 shares, compared to its average volume of 2,480,184. Unilever PLC has a 1 year low of $54.32 and a 1 year high of $65.87. The stock has a market capitalization of $149.75 billion, a PE ratio of 17.48, a P/E/G ratio of 3.86 and a beta of 0.41. The stock has a 50-day moving average price of $62.37 and a 200-day moving average price of $59.86.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 16th were issued a $0.5151 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.38%. This is a boost from Unilever's previous quarterly dividend of $0.47. The ex-dividend date was Friday, May 16th. Unilever's dividend payout ratio is presently 59.03%.

Wall Street Analyst Weigh In

Several equities analysts have commented on UL shares. BNP Paribas Exane started coverage on shares of Unilever in a research note on Thursday, May 29th. They issued an "outperform" rating and a $73.00 price target for the company. UBS Group upgraded shares of Unilever from a "strong sell" rating to a "hold" rating in a research note on Friday, May 2nd. BNP Paribas upgraded shares of Unilever to a "strong-buy" rating in a research note on Thursday, May 29th. Finally, Wall Street Zen downgraded shares of Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Unilever has an average rating of "Moderate Buy" and an average target price of $70.67.

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.