Unilever PLC $UL Shares Sold by HB Wealth Management LLC

Key Points

• HB Wealth Management LLC reduced its stake in Unilever PLC by 13.6%, owning 55,627 shares valued at $3.4 million after selling 8,752 shares in the second quarter.
• Unilever announced an increase in its quarterly dividend to $0.5175 per share, reflecting a dividend yield of 3.5% and a payout ratio of 59.31%.
• Analysts have set a consensus price target of $73.00 for Unilever, with ratings ranging from "Strong Buy" to "Sell" among various research firms.

HB Wealth Management LLC trimmed its position in Unilever PLC (NYSE:UL - Free Report) by 13.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,627 shares of the company's stock after selling 8,752 shares during the period. HB Wealth Management LLC's holdings in Unilever were worth $3,403,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. N.E.W. Advisory Services LLC acquired a new stake in Unilever in the first quarter valued at approximately $30,000. Brentview Investment Management LLC acquired a new stake in Unilever in the first quarter valued at approximately $33,000. Richardson Financial Services Inc. boosted its stake in Unilever by 209.0% in the first quarter. Richardson Financial Services Inc. now owns 618 shares of the company's stock valued at $37,000 after acquiring an additional 418 shares in the last quarter. Marshall & Sullivan Inc. WA acquired a new stake in Unilever in the second quarter valued at approximately $55,000. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Unilever in the first quarter worth $63,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Price Performance

Shares of Unilever stock opened at $58.80 on Thursday. The firm has a fifty day moving average price of $61.53 and a 200 day moving average price of $61.59. Unilever PLC has a 1 year low of $54.32 and a 1 year high of $65.66. The stock has a market cap of $144.27 billion, a PE ratio of 16.85, a price-to-earnings-growth ratio of 3.57 and a beta of 0.41.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 15th were issued a dividend of $0.5175 per share. This represents a $2.07 annualized dividend and a dividend yield of 3.5%. This is a boost from Unilever's previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, August 15th. Unilever's dividend payout ratio is 59.31%.

Analysts Set New Price Targets

A number of research firms have issued reports on UL. Zacks Research raised shares of Unilever from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 17th. CICC Research began coverage on shares of Unilever in a report on Thursday, August 21st. They issued an "outperform" rating for the company. Finally, Jefferies Financial Group reaffirmed an "underperform" rating on shares of Unilever in a report on Sunday, August 3rd. 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 given a Sell rating to the company. Based on data from MarketBeat.com, Unilever has an average rating of "Moderate Buy" and a consensus price target of $73.00.

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.

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