Arlington Partners LLC Lowers Position in Unilever PLC $UL

Key Points

• Arlington Partners LLC reduced its stake in Unilever PLC by 9.1%, holding 70,013 shares worth approximately $4.28 million after selling 6,968 shares.
• Unilever declared a quarterly dividend of $0.5175 per share, a slight increase from the previous quarterly dividend, with a current annualized dividend yield of 3.4%.
• Analysts have mixed ratings on Unilever, with an average rating of "Moderate Buy" and a price target of $73.00, reflecting optimism despite varied assessments from different brokerages.

Arlington Partners LLC decreased its position in shares of Unilever PLC (NYSE:UL - Free Report) by 9.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,013 shares of the company's stock after selling 6,968 shares during the period. Arlington Partners LLC's holdings in Unilever were worth $4,283,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. GAMMA Investing LLC raised its holdings in Unilever by 11.7% in the 2nd quarter. GAMMA Investing LLC now owns 14,665 shares of the company's stock valued at $897,000 after buying an additional 1,538 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in shares of Unilever by 71.0% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 43,057 shares of the company's stock valued at $2,634,000 after acquiring an additional 17,874 shares during the last quarter. Farmers & Merchants Investments Inc. grew its stake in shares of Unilever by 51.5% in the second quarter. Farmers & Merchants Investments Inc. now owns 8,849 shares of the company's stock worth $541,000 after purchasing an additional 3,009 shares during the last quarter. Mitchell & Pahl Private Wealth LLC raised its position in Unilever by 1.6% during the 2nd quarter. Mitchell & Pahl Private Wealth LLC now owns 19,097 shares of the company's stock worth $1,168,000 after purchasing an additional 297 shares during the last quarter. Finally, Coastwise Capital Group LLC bought a new stake in shares of Unilever in the 2nd quarter valued at about $204,000. 9.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. CICC Research initiated coverage on shares of Unilever in a report on Thursday, August 21st. They set an "outperform" rating for the company. BNP Paribas upgraded shares of Unilever to a "strong-buy" rating in a report on Thursday, May 29th. Zacks Research upgraded Unilever from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 17th. Jefferies Financial Group reaffirmed an "underperform" rating on shares of Unilever in a research report on Sunday, August 3rd. Finally, BNP Paribas Exane initiated coverage on shares of Unilever in a research report on Thursday, May 29th. They issued an "outperform" rating and a $73.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Unilever presently has an average rating of "Moderate Buy" and a consensus target price of $73.00.

Unilever Stock Performance

UL stock traded down $0.74 during mid-day trading on Monday, hitting $60.47. The company had a trading volume of 3,773,080 shares, compared to its average volume of 2,124,153. Unilever PLC has a 12 month low of $54.32 and a 12 month high of $65.87. The stock's fifty day moving average price is $61.62 and its two-hundred day moving average price is $61.61. The firm has a market cap of $148.36 billion, a PE ratio of 17.33, a price-to-earnings-growth ratio of 3.68 and a beta of 0.40.

Unilever Increases Dividend

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

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.