Truist Financial Corp Has $54.69 Million Holdings in Unilever PLC (NYSE:UL)

Truist Financial Corp cut its stake in Unilever PLC (NYSE:UL - Free Report) by 1.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 918,340 shares of the company's stock after selling 10,376 shares during the quarter. Truist Financial Corp's holdings in Unilever were worth $54,687,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of Unilever during the fourth quarter worth about $176,806,000. Norges Bank acquired a new stake in Unilever during the 4th quarter worth approximately $153,606,000. Clearbridge Investments LLC lifted its stake in Unilever by 140.1% in the fourth quarter. Clearbridge Investments LLC now owns 3,719,284 shares of the company's stock valued at $210,883,000 after buying an additional 2,170,242 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Unilever by 401.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,465,523 shares of the company's stock valued at $83,095,000 after buying an additional 1,173,298 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its holdings in shares of Unilever by 592.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,070,818 shares of the company's stock valued at $60,715,000 after buying an additional 916,246 shares during the period. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Stock Performance

Shares of NYSE UL traded up $0.03 during trading hours on Monday, hitting $61.40. 1,852,485 shares of the stock were exchanged, compared to its average volume of 2,494,011. The company's fifty day simple moving average is $62.59 and its two-hundred day simple moving average is $59.73. The company has a market cap of $150.71 billion, a PE ratio of 17.59, a price-to-earnings-growth 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.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 16th were paid a $0.5151 dividend. This is a positive change from Unilever's previous quarterly dividend of $0.47. The ex-dividend date was Friday, May 16th. This represents a $2.06 annualized dividend and a dividend yield of 3.36%. Unilever's dividend payout ratio (DPR) is presently 59.03%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on UL shares. 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 target price for the company. UBS Group raised Unilever from a "strong sell" rating to a "hold" rating in a research report on Friday, May 2nd. Wall Street Zen cut Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, BNP Paribas raised shares of Unilever to a "strong-buy" rating in a research note on Thursday, May 29th. 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, the company has a consensus rating of "Moderate Buy" and an average 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.