TD Private Client Wealth LLC Sells 5,416 Shares of Unilever PLC (NYSE:UL)

TD Private Client Wealth LLC lessened its position in shares of Unilever PLC (NYSE:UL - Free Report) by 34.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 10,442 shares of the company's stock after selling 5,416 shares during the quarter. TD Private Client Wealth LLC's holdings in Unilever were worth $622,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in UL. May Hill Capital LLC bought a new stake in shares of Unilever during the fourth quarter valued at approximately $296,000. Stonegate Investment Group LLC boosted its position in Unilever by 69.7% in the first quarter. Stonegate Investment Group LLC now owns 14,282 shares of the company's stock worth $850,000 after purchasing an additional 5,867 shares during the last quarter. Argent Trust Co grew its position in Unilever by 34.2% during the fourth quarter. Argent Trust Co now owns 45,387 shares of the company's stock valued at $2,573,000 after buying an additional 11,555 shares during the period. Value Partners Investments Inc. raised its holdings in shares of Unilever by 56.7% in the 1st quarter. Value Partners Investments Inc. now owns 13,958 shares of the company's stock worth $832,000 after purchasing an additional 5,051 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Unilever by 25.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,557,291 shares of the company's stock worth $92,768,000 after acquiring an additional 316,638 shares during the period. Institutional investors own 9.67% of the company's stock.

Unilever Trading Up 1.0%

Shares of UL stock traded up $0.64 during trading hours on Thursday, reaching $61.44. The company's stock had a trading volume of 1,971,176 shares, compared to its average volume of 2,488,261. Unilever PLC has a one year low of $54.32 and a one year high of $65.87. The stock has a market capitalization of $150.80 billion, a P/E ratio of 17.60, a P/E/G ratio of 3.78 and a beta of 0.41. The firm's fifty day simple moving average is $62.45 and its 200 day simple moving average is $59.77.

Unilever Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 16th were issued a $0.5151 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.06 annualized dividend and a yield of 3.35%. This is a boost from Unilever's previous quarterly dividend of $0.47. Unilever's payout ratio is 59.03%.

Analysts Set New Price Targets

UL has been the topic of a number of analyst reports. BNP Paribas raised shares of Unilever to a "strong-buy" rating in a report on Thursday, May 29th. BNP Paribas Exane assumed coverage on Unilever in a research report 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 note on Friday, May 2nd. Finally, Wall Street Zen downgraded shares of Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, three have given 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, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $70.67.

Unilever Company 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.