Clean Yield Group Trims Holdings in Unilever PLC $UL

Key Points

• Clean Yield Group has reduced its stake in Unilever PLC by 5.8%, now holding 136,992 shares, valued at approximately $8.38 million.
• Unilever recently declared an increased quarterly dividend of $0.5175 per share, translating to an annualized yield of 3.5%.
• Analysts have a consensus rating of "Moderate Buy" for Unilever, with a price target of $73.00 amid diverse ratings from various investment firms.

Clean Yield Group reduced its position in shares of Unilever PLC (NYSE:UL - Free Report) by 5.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 136,992 shares of the company's stock after selling 8,466 shares during the period. Unilever comprises 2.5% of Clean Yield Group's investment portfolio, making the stock its 6th largest holding. Clean Yield Group's holdings in Unilever were worth $8,380,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Avior Wealth Management LLC boosted its holdings in Unilever by 886.2% in the second quarter. Avior Wealth Management LLC now owns 7,209 shares of the company's stock valued at $441,000 after acquiring an additional 6,478 shares during the last quarter. Spirepoint Private Client LLC bought a new stake in Unilever in the second quarter valued at approximately $1,601,000. Signaturefd LLC boosted its holdings in Unilever by 7.8% in the second quarter. Signaturefd LLC now owns 47,772 shares of the company's stock valued at $2,922,000 after acquiring an additional 3,439 shares during the last quarter. Kathmere Capital Management LLC boosted its holdings in Unilever by 36.3% in the second quarter. Kathmere Capital Management LLC now owns 6,977 shares of the company's stock valued at $427,000 after acquiring an additional 1,858 shares during the last quarter. Finally, ST Germain D J Co. Inc. boosted its holdings in Unilever by 61.0% in the second quarter. ST Germain D J Co. Inc. now owns 2,591 shares of the company's stock valued at $158,000 after acquiring an additional 982 shares during the last quarter. 9.67% of the stock is currently owned by institutional investors.

Unilever Stock Performance

Unilever stock opened at $59.30 on Monday. The stock has a market capitalization of $145.50 billion, a price-to-earnings ratio of 16.99, a PEG ratio of 3.57 and a beta of 0.40. Unilever PLC has a 52-week low of $54.32 and a 52-week high of $65.87. The stock's 50 day moving average price is $61.61 and its two-hundred day moving average price is $61.62.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 15th were issued a dividend of $0.5175 per share. This represents a $2.07 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Friday, August 15th. This is a positive change from Unilever's previous quarterly dividend of $0.52. Unilever's dividend payout ratio (DPR) is currently 59.31%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on UL shares. Jefferies Financial Group reiterated an "underperform" rating on shares of Unilever in a report on Sunday, August 3rd. CICC Research started coverage on Unilever in a report on Thursday, August 21st. They issued an "outperform" rating on the stock. Finally, Zacks Research upgraded Unilever from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 17th. Three investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Unilever has a consensus rating of "Moderate Buy" and an average price target of $73.00.

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.

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