Unilever PLC (NYSE:UL) Shares Sold by Advocate Group LLC

Advocate Group LLC decreased its position in shares of Unilever PLC (NYSE:UL - Free Report) by 6.0% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 123,119 shares of the company's stock after selling 7,871 shares during the period. Advocate Group LLC's holdings in Unilever were worth $7,332,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Meriwether Wealth & Planning LLC lifted its stake in shares of Unilever by 13.8% during the 1st quarter. Meriwether Wealth & Planning LLC now owns 17,676 shares of the company's stock worth $1,053,000 after purchasing an additional 2,148 shares during the period. Abundance Wealth Counselors increased its stake in Unilever by 15.0% in the first quarter. Abundance Wealth Counselors now owns 25,183 shares of the company's stock valued at $1,470,000 after purchasing an additional 3,287 shares during the last quarter. Good Steward Wealth Advisors LLC purchased a new position in Unilever during the first quarter worth about $376,000. DecisionMap Wealth Management LLC lifted its position in Unilever by 8.3% during the first quarter. DecisionMap Wealth Management LLC now owns 9,681 shares of the company's stock worth $576,000 after buying an additional 745 shares during the period. Finally, Blue Trust Inc. boosted its stake in Unilever by 30.8% in the 1st quarter. Blue Trust Inc. now owns 17,715 shares of the company's stock worth $1,055,000 after buying an additional 4,174 shares during the last quarter. Institutional investors and hedge funds own 9.67% of the company's stock.

Unilever Trading Down 1.5%

Shares of UL stock opened at $61.17 on Friday. The company has a market cap of $150.14 billion, a PE ratio of 17.53, a P/E/G ratio of 3.46 and a beta of 0.43. The company's fifty day simple moving average is $62.98 and its 200-day simple moving average is $59.54. Unilever PLC has a 52 week low of $54.32 and a 52 week high of $65.87.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 16th were given a $0.5151 dividend. The ex-dividend date was Friday, May 16th. This is a positive change from Unilever's previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a yield of 3.37%. Unilever's dividend payout ratio (DPR) is 59.03%.

Analysts Set New Price Targets

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

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.

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