OLD National Bancorp IN Decreases Stock Holdings in Unilever PLC (NYSE:UL)

OLD National Bancorp IN trimmed its holdings in Unilever PLC (NYSE:UL - Free Report) by 31.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,268 shares of the company's stock after selling 4,656 shares during the quarter. OLD National Bancorp IN's holdings in Unilever were worth $611,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Golden State Wealth Management LLC acquired a new stake in Unilever in the 4th quarter valued at approximately $26,000. VSM Wealth Advisory LLC acquired a new stake in Unilever in the 4th quarter valued at approximately $28,000. Roxbury Financial LLC acquired a new stake in Unilever in the 4th quarter valued at approximately $30,000. Vermillion Wealth Management Inc. acquired a new stake in Unilever in the 4th quarter valued at approximately $30,000. Finally, Mainstream Capital Management LLC acquired a new stake in Unilever in the 4th quarter valued at approximately $31,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UL has been the subject of several research reports. DZ Bank upgraded shares of Unilever from a "hold" rating to a "buy" rating in a report on Friday, February 21st. BNP Paribas upgraded shares of Unilever to a "strong-buy" rating in a report on Thursday, May 29th. BNP Paribas Exane assumed coverage on shares of Unilever in a research note on Thursday, May 29th. They issued an "outperform" rating and a $73.00 price target for the company. Wall Street Zen downgraded shares of Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, UBS Group upgraded shares of Unilever from a "strong sell" rating to a "hold" rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $70.67.

Unilever Price Performance

Shares of Unilever stock traded down $1.03 during trading on Friday, hitting $62.62. 1,987,927 shares of the stock were exchanged, compared to its average volume of 2,481,623. The stock has a market cap of $153.91 billion, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 1.60 and a beta of 0.43. The firm's 50-day moving average price is $62.64 and its 200 day moving average price is $59.43. Unilever PLC has a 12-month low of $54.32 and a 12-month high of $65.87.

Unilever Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 16th will be given a dividend of $0.5151 per share. This is a boost from Unilever's previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a dividend yield of 3.29%. The ex-dividend date is Friday, May 16th. Unilever's payout ratio is 59.03%.

About Unilever

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.