Crossmark Global Holdings Inc. Cuts Stock Position in Unilever PLC (NYSE:UL)

Crossmark Global Holdings Inc. trimmed its holdings in Unilever PLC (NYSE:UL - Free Report) by 5.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 319,304 shares of the company's stock after selling 18,325 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Unilever were worth $19,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Washington Trust Bank acquired a new position in shares of Unilever in the 1st quarter valued at about $262,000. Fullcircle Wealth LLC raised its stake in Unilever by 2.3% during the 1st quarter. Fullcircle Wealth LLC now owns 56,442 shares of the company's stock worth $3,566,000 after buying an additional 1,247 shares during the period. U.S. Capital Wealth Advisors LLC raised its stake in Unilever by 257.8% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 25,183 shares of the company's stock worth $1,500,000 after buying an additional 18,145 shares during the period. Callan Capital LLC raised its stake in Unilever by 29.2% during the 1st quarter. Callan Capital LLC now owns 11,453 shares of the company's stock worth $682,000 after buying an additional 2,587 shares during the period. Finally, Capital Advisors Inc. OK raised its stake in Unilever by 2.5% during the 1st quarter. Capital Advisors Inc. OK now owns 624,126 shares of the company's stock worth $37,167,000 after buying an additional 15,239 shares during the period. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Stock Performance

Shares of Unilever stock traded down $0.35 on Tuesday, hitting $61.06. The company had a trading volume of 728,213 shares, compared to its average volume of 2,487,511. The stock has a market capitalization of $149.88 billion, a price-to-earnings ratio of 17.49, a P/E/G ratio of 3.81 and a beta of 0.41. Unilever PLC has a 1 year low of $54.32 and a 1 year high of $65.87. The stock has a 50 day moving average of $62.55 and a 200-day moving average of $59.76.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 16th were paid a $0.5151 dividend. The ex-dividend date was Friday, May 16th. This is an increase from Unilever's previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a dividend yield of 3.37%. Unilever's dividend payout ratio is 59.03%.

Wall Street Analysts Forecast Growth

UL has been the topic of a number of research reports. BNP Paribas raised Unilever to a "strong-buy" rating in a research note on Thursday, May 29th. Wall Street Zen downgraded Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. BNP Paribas Exane initiated coverage on Unilever in a research note on Thursday, May 29th. They set an "outperform" rating and a $73.00 price target on the stock. Finally, UBS Group raised Unilever from a "strong sell" rating to a "hold" rating in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Unilever currently has an average rating of "Moderate Buy" and a consensus target price of $70.67.

Unilever 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.