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

TD Private Client Wealth LLC cut its position in Unilever PLC (NYSE:UL - Free Report) by 34.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Advisors Inc. OK grew its holdings in Unilever by 2.5% during the 1st quarter. Capital Advisors Inc. OK now owns 624,126 shares of the company's stock worth $37,167,000 after acquiring an additional 15,239 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Unilever by 2.5% during the first quarter. Envestnet Asset Management Inc. now owns 3,925,891 shares of the company's stock worth $233,787,000 after buying an additional 95,359 shares during the last quarter. Hexagon Capital Partners LLC raised its holdings in Unilever by 10.4% during the first quarter. Hexagon Capital Partners LLC now owns 5,452 shares of the company's stock worth $325,000 after buying an additional 512 shares during the last quarter. Tradewinds LLC. raised its holdings in Unilever by 8.4% during the first quarter. Tradewinds LLC. now owns 3,694 shares of the company's stock worth $220,000 after buying an additional 286 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Unilever by 33.2% during the first quarter. Bank of New York Mellon Corp now owns 934,804 shares of the company's stock worth $55,668,000 after buying an additional 232,945 shares during the last quarter. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UL has been the subject of several recent analyst reports. UBS Group upgraded shares of Unilever from a "strong sell" rating to a "hold" rating in a research note on Friday, May 2nd. Wall Street Zen lowered shares of Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. BNP Paribas upgraded shares of Unilever to a "strong-buy" rating in a research report on Thursday, May 29th. Finally, BNP Paribas Exane assumed coverage on shares of Unilever in a research report on Thursday, May 29th. They set an "outperform" rating and a $73.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Unilever currently has an average rating of "Moderate Buy" and a consensus price target of $70.67.

Unilever Trading Down 1.2%

Shares of UL stock traded down $0.71 during trading hours on Friday, hitting $60.76. 2,015,443 shares of the company's stock were exchanged, compared to its average volume of 2,480,506. Unilever PLC has a 12-month low of $54.32 and a 12-month high of $65.87. The company has a market capitalization of $149.14 billion, a PE ratio of 17.41, a PEG ratio of 3.86 and a beta of 0.41. The business's 50 day simple moving average is $62.37 and its 200-day simple moving average is $59.85.

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 3.39%. This is a boost from Unilever's previous quarterly dividend of $0.47. Unilever's payout ratio is 59.03%.

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.