Farther Finance Advisors LLC Sells 10,103 Shares of Unilever PLC $UL

Key Points

• Farther Finance Advisors LLC reduced its holdings in Unilever PLC by 12.5%, selling 10,103 shares in the second quarter, leaving them with 70,850 shares valued at approximately $4.33 million.
• Several large investors, including Bank of New York Mellon Corp and Wellington Management Group LLP, have increased their stakes in Unilever, indicating strong institutional interest in the stock.
• Unilever recently raised its quarterly dividend to $0.5175 per share, resulting in a dividend yield of 3.4%, reflecting the company's commitment to returning capital to shareholders.

Farther Finance Advisors LLC decreased its holdings in Unilever PLC (NYSE:UL - Free Report) by 12.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,850 shares of the company's stock after selling 10,103 shares during the quarter. Farther Finance Advisors LLC's holdings in Unilever were worth $4,334,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its position in shares of Unilever by 33.2% during the 1st quarter. Bank of New York Mellon Corp now owns 934,804 shares of the company's stock valued at $55,668,000 after buying an additional 232,945 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Unilever by 13.9% in the 1st quarter. Wellington Management Group LLP now owns 28,100,442 shares of the company's stock worth $1,673,381,000 after buying an additional 3,421,054 shares during the period. Stonegate Investment Group LLC lifted its stake in shares of Unilever by 69.7% during the 1st quarter. Stonegate Investment Group LLC now owns 14,282 shares of the company's stock worth $850,000 after purchasing an additional 5,867 shares during the last quarter. Russell Investments Group Ltd. increased its position in Unilever by 65.1% during the 1st quarter. Russell Investments Group Ltd. now owns 232,096 shares of the company's stock valued at $13,821,000 after buying an additional 91,511 shares in the last quarter. Finally, Banco Santander S.A. increased its holdings in shares of Unilever by 70.6% in the first quarter. Banco Santander S.A. now owns 15,030 shares of the company's stock valued at $895,000 after purchasing an additional 6,220 shares during the period. 9.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. BNP Paribas Exane started coverage on Unilever in a research note on Thursday, May 29th. They set an "outperform" rating and a $73.00 target price for the company. BNP Paribas raised shares of Unilever to a "strong-buy" rating in a research note on Thursday, May 29th. Zacks Research upgraded shares of Unilever from a "hold" rating to a "strong-buy" rating in a research note on Wednesday. Jefferies Financial Group reissued an "underperform" rating on shares of Unilever in a report on Sunday, August 3rd. Finally, CICC Research assumed coverage on shares of Unilever in a research note on Thursday, August 21st. They issued an "outperform" rating for the company. Three research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $73.00.

Unilever Stock Performance

UL stock opened at $61.26 on Friday. The firm has a market cap of $150.31 billion, a P/E ratio of 17.55, a price-to-earnings-growth ratio of 3.68 and a beta of 0.40. Unilever PLC has a 1 year low of $54.32 and a 1 year high of $65.87. The stock has a 50-day simple moving average of $61.63 and a 200-day simple moving average of $61.58.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 15th were paid a $0.5175 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.07 annualized dividend and a dividend yield of 3.4%. This is an increase from Unilever's previous quarterly dividend of $0.52. Unilever's dividend payout ratio is currently 59.31%.

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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