Apollon Wealth Management LLC Sells 8,114 Shares of Unilever PLC (NYSE:UL)

Apollon Wealth Management LLC decreased its position in shares of Unilever PLC (NYSE:UL - Free Report) by 20.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,466 shares of the company's stock after selling 8,114 shares during the period. Apollon Wealth Management LLC's holdings in Unilever were worth $1,933,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. VSM Wealth Advisory LLC purchased a new position in Unilever in the 4th quarter worth approximately $28,000. Vermillion Wealth Management Inc. purchased a new position in Unilever during the fourth quarter valued at $30,000. Murphy & Mullick Capital Management Corp bought a new stake in Unilever in the 4th quarter valued at $39,000. Accredited Wealth Management LLC purchased a new stake in Unilever in the 4th quarter worth $43,000. Finally, Greenline Partners LLC bought a new position in shares of Unilever during the 4th quarter valued at about $58,000. Institutional investors own 9.67% of the company's stock.

Unilever Price Performance

Shares of Unilever stock traded down $0.53 on Thursday, reaching $59.79. The company had a trading volume of 1,413,636 shares, compared to its average volume of 2,477,705. The firm's 50-day moving average price is $62.16 and its two-hundred day moving average price is $59.89. Unilever PLC has a 1 year low of $54.32 and a 1 year high of $65.87. The firm has a market cap of $146.77 billion, a price-to-earnings ratio of 17.12, a P/E/G ratio of 3.83 and a beta of 0.41.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 16th were given a dividend of $0.5151 per share. This represents a $2.06 annualized dividend and a dividend yield of 3.45%. This is an increase from Unilever's previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Friday, May 16th. Unilever's dividend payout ratio (DPR) is 59.03%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on UL shares. BNP Paribas upgraded Unilever to a "strong-buy" rating in a research report on Thursday, May 29th. BNP Paribas Exane began coverage on Unilever in a report on Thursday, May 29th. They set an "outperform" rating and a $73.00 price target for the company. Wall Street Zen cut Unilever from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, UBS Group upgraded Unilever from a "strong sell" rating to a "hold" rating in a research report on Friday, May 2nd. One 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, Unilever presently has an average rating of "Moderate Buy" and a consensus 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.