Federated Hermes Inc. Sells 16,061 Shares of Unilever PLC (NYSE:UL)

Federated Hermes Inc. lessened its holdings in Unilever PLC (NYSE:UL - Free Report) by 13.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 107,023 shares of the company's stock after selling 16,061 shares during the period. Federated Hermes Inc.'s holdings in Unilever were worth $6,373,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of UL. Mission Wealth Management LP lifted its position in shares of Unilever by 1.4% during the 1st quarter. Mission Wealth Management LP now owns 11,497 shares of the company's stock valued at $685,000 after buying an additional 159 shares in the last quarter. Essex Financial Services Inc. lifted its position in shares of Unilever by 1.0% during the 1st quarter. Essex Financial Services Inc. now owns 16,246 shares of the company's stock valued at $967,000 after buying an additional 168 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in shares of Unilever by 0.8% during the 1st quarter. SBI Securities Co. Ltd. now owns 21,492 shares of the company's stock valued at $1,280,000 after buying an additional 172 shares in the last quarter. Cardinal Capital Management lifted its position in shares of Unilever by 0.4% during the 1st quarter. Cardinal Capital Management now owns 39,953 shares of the company's stock valued at $2,379,000 after buying an additional 176 shares in the last quarter. Finally, Trust Co. of Vermont lifted its position in shares of Unilever by 0.5% during the 1st quarter. Trust Co. of Vermont now owns 35,729 shares of the company's stock valued at $2,128,000 after buying an additional 181 shares in the last quarter. Institutional investors own 9.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on UL shares. Wall Street Zen lowered Unilever from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. BNP Paribas raised Unilever to a "strong-buy" rating in a research note on Thursday, May 29th. BNP Paribas Exane began coverage on Unilever in a research note on Thursday, May 29th. They issued an "outperform" rating and a $73.00 price objective for the company. 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 given a hold rating, three have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $72.50.

Unilever Stock Performance

NYSE UL opened at $60.46 on Monday. The business has a fifty day moving average price of $61.57 and a 200 day moving average price of $60.29. Unilever PLC has a one year low of $54.32 and a one year high of $65.87. The company has a market cap of $148.35 billion, a P/E ratio of 17.32, a P/E/G ratio of 3.84 and a beta of 0.38.

Unilever Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 15th will be paid a $0.5175 dividend. This is a boost from Unilever's previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.07 dividend on an annualized basis and a dividend yield of 3.4%. Unilever's dividend payout ratio is 59.03%.

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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