Unilever PLC (NYSE:UL) Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC reduced its holdings in shares of Unilever PLC (NYSE:UL - Free Report) by 23.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 77,290 shares of the company's stock after selling 23,949 shares during the period. Moran Wealth Management LLC's holdings in Unilever were worth $4,603,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC raised its position in Unilever by 5.4% in the fourth quarter. Brighton Jones LLC now owns 10,572 shares of the company's stock worth $599,000 after acquiring an additional 539 shares in the last quarter. Ieq Capital LLC increased its holdings in shares of Unilever by 15.7% in the 4th quarter. Ieq Capital LLC now owns 13,946 shares of the company's stock valued at $791,000 after purchasing an additional 1,891 shares in the last quarter. Wealthspire Advisors LLC increased its holdings in shares of Unilever by 4.6% in the 4th quarter. Wealthspire Advisors LLC now owns 14,622 shares of the company's stock valued at $829,000 after purchasing an additional 642 shares in the last quarter. MONECO Advisors LLC acquired a new stake in shares of Unilever in the fourth quarter valued at about $221,000. Finally, Union Bancaire Privee UBP SA purchased a new stake in Unilever during the fourth quarter worth about $40,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Unilever Price Performance

Unilever stock traded up $0.21 during midday trading on Friday, hitting $60.89. 374,930 shares of the company were exchanged, compared to its average volume of 2,613,481. The company has a market cap of $149.46 billion, a PE ratio of 17.44, a price-to-earnings-growth ratio of 3.41 and a beta of 0.43. Unilever PLC has a fifty-two week low of $54.32 and a fifty-two week high of $65.87. The company's fifty day moving average price is $62.90 and its 200-day moving average price is $59.60.

Unilever Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 16th were issued a dividend of $0.5151 per share. The ex-dividend date of this dividend 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 yield of 3.38%. Unilever's payout ratio is currently 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.