Cary Street Partners Financial LLC reduced its position in Unilever PLC (NYSE:UL - Free Report) by 3.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 157,217 shares of the company's stock after selling 6,292 shares during the period. Cary Street Partners Financial LLC's holdings in Unilever were worth $9,362,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capstone Financial Advisors Inc. grew its holdings in shares of Unilever by 0.8% during the first quarter. Capstone Financial Advisors Inc. now owns 26,084 shares of the company's stock worth $1,553,000 after purchasing an additional 202 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Unilever by 2.0% during the first quarter. Commonwealth Equity Services LLC now owns 441,744 shares of the company's stock worth $26,306,000 after purchasing an additional 8,737 shares in the last quarter. Haven Private LLC grew its holdings in shares of Unilever by 22.4% during the first quarter. Haven Private LLC now owns 9,721 shares of the company's stock worth $579,000 after purchasing an additional 1,780 shares in the last quarter. Argent Trust Co grew its holdings in shares of Unilever by 1.4% during the first quarter. Argent Trust Co now owns 46,004 shares of the company's stock worth $2,740,000 after purchasing an additional 617 shares in the last quarter. Finally, Scotia Capital Inc. grew its holdings in shares of Unilever by 2.7% during the first quarter. Scotia Capital Inc. now owns 244,299 shares of the company's stock worth $14,548,000 after purchasing an additional 6,383 shares in the last quarter. 9.67% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
UL has been the subject of a number of recent research reports. BNP Paribas upgraded Unilever to a "strong-buy" rating in a research report on Thursday, May 29th. Wall Street Zen downgraded Unilever from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. BNP Paribas Exane began coverage on Unilever in a research report on Thursday, May 29th. They issued an "outperform" rating and a $73.00 target price for the company. Jefferies Financial Group reiterated an "underperform" rating on shares of Unilever in a research report on Sunday, August 3rd. Finally, UBS Group upgraded Unilever from a "strong sell" rating to a "hold" rating in a research report on Friday, May 2nd. Two analysts have rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $72.50.
View Our Latest Research Report on Unilever
Unilever Price Performance
UL stock traded down $0.27 during midday trading on Friday, hitting $61.05. The stock had a trading volume of 2,120,505 shares, compared to its average volume of 2,386,603. The firm has a market cap of $149.79 billion, a price-to-earnings ratio of 17.49, a price-to-earnings-growth ratio of 3.80 and a beta of 0.38. The business has a 50-day moving average of $61.28 and a two-hundred day moving average of $60.39. Unilever PLC has a 52-week low of $54.32 and a 52-week high of $65.87.
Unilever Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 15th will be paid a $0.5175 dividend. The ex-dividend date of this dividend is Friday, August 15th. This is a positive change from Unilever's previous quarterly dividend of $0.52. This represents a $2.07 annualized dividend and a yield of 3.4%. Unilever's payout ratio is currently 59.03%.
About Unilever
(
Free Report)
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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