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Unilever PLC (NYSE:UL) Shares Sold by Callan Family Office LLC

Unilever logo with Consumer Staples background

Key Points

  • Callan Family Office LLC sold 4,916 shares of Unilever, reducing its stake by 24.2% to 15,438 shares, valued at approximately $919,000.
  • Unilever declared a quarterly dividend of $0.5175 per share, reflecting a boost from the previous quarterly dividend, with an annualized yield of 3.4%.
  • Analysts show mixed ratings for Unilever, with a consensus rating of "Moderate Buy" and an average price target of $72.50.
  • Need better tools to track Unilever? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Callan Family Office LLC trimmed its position in Unilever PLC (NYSE:UL - Free Report) by 24.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,438 shares of the company's stock after selling 4,916 shares during the period. Callan Family Office LLC's holdings in Unilever were worth $919,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Trajan Wealth LLC grew its stake in Unilever by 12.2% in the first quarter. Trajan Wealth LLC now owns 75,496 shares of the company's stock worth $4,496,000 after purchasing an additional 8,188 shares in the last quarter. Todd Asset Management LLC lifted its holdings in Unilever by 42.0% in the first quarter. Todd Asset Management LLC now owns 136,751 shares of the company's stock worth $8,144,000 after acquiring an additional 40,452 shares during the last quarter. Tranquilli Financial Advisor LLC lifted its holdings in Unilever by 2.9% in the first quarter. Tranquilli Financial Advisor LLC now owns 10,241 shares of the company's stock worth $610,000 after acquiring an additional 287 shares during the last quarter. Independent Advisor Alliance lifted its holdings in Unilever by 11.0% in the first quarter. Independent Advisor Alliance now owns 7,768 shares of the company's stock worth $463,000 after acquiring an additional 768 shares during the last quarter. Finally, Nuveen LLC bought a new position in Unilever in the first quarter worth about $613,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on UL shares. BNP Paribas Exane started coverage on shares of Unilever in a report on Thursday, May 29th. They issued an "outperform" rating and a $73.00 target price on the stock. UBS Group raised shares of Unilever from a "strong sell" rating to a "hold" rating in a report on Friday, May 2nd. BNP Paribas raised shares of Unilever to a "strong-buy" rating in a report on Thursday, May 29th. Jefferies Financial Group reissued an "underperform" rating on shares of Unilever in a report on Sunday, August 3rd. Finally, Wall Street Zen cut shares of Unilever from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $72.50.

View Our Latest Stock Analysis on UL

Unilever Trading Up 0.4%

UL opened at $61.12 on Wednesday. The business's 50 day moving average is $61.19 and its 200-day moving average is $60.48. The stock has a market cap of $149.97 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 3.76 and a beta of 0.38. Unilever PLC has a twelve month low of $54.32 and a twelve month high of $65.87.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.5175 per share. This represents a $2.07 dividend on an annualized basis and a dividend yield of 3.4%. This is a boost from Unilever's previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, August 15th. Unilever's dividend payout ratio is presently 59.31%.

Unilever Profile

(Free Report)

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.

Featured Stories

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Institutional Ownership by Quarter for Unilever (NYSE:UL)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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