Unilever PLC $UL Shares Sold by Procyon Advisors LLC

Key Points

• Procyon Advisors LLC significantly reduced its stake in Unilever PLC by 91.1% in the second quarter, now holding only 6,072 shares valued at $371,000 after selling 62,050 shares.
• Unilever recently increased its quarterly dividend to $0.5175, representing an annual yield of 3.4% with a payout ratio of 59.31%.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Unilever, with two analysts rating it as a Strong Buy and an average target price of $73.00.

Procyon Advisors LLC trimmed its holdings in shares of Unilever PLC (NYSE:UL - Free Report) by 91.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,072 shares of the company's stock after selling 62,050 shares during the period. Procyon Advisors LLC's holdings in Unilever were worth $371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Aaron Wealth Advisors LLC raised its position in shares of Unilever by 5.0% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 20,558 shares of the company's stock worth $1,258,000 after acquiring an additional 977 shares in the last quarter. Berkshire Bank boosted its holdings in Unilever by 0.4% in the second quarter. Berkshire Bank now owns 67,424 shares of the company's stock valued at $4,124,000 after purchasing an additional 283 shares in the last quarter. Riversedge Advisors LLC purchased a new position in Unilever in the second quarter valued at approximately $271,000. Beacon Financial Group raised its holdings in Unilever by 2.6% during the second quarter. Beacon Financial Group now owns 68,076 shares of the company's stock worth $4,164,000 after purchasing an additional 1,729 shares in the last quarter. Finally, Martin Capital Partners LLC lifted its position in shares of Unilever by 208.3% during the 2nd quarter. Martin Capital Partners LLC now owns 113,129 shares of the company's stock worth $6,920,000 after buying an additional 76,432 shares during the last quarter. Hedge funds and other institutional investors own 9.67% of the company's stock.

Unilever Stock Performance

NYSE UL opened at $61.47 on Friday. The firm's fifty day moving average is $61.62 and its two-hundred day moving average is $61.53. Unilever PLC has a one year low of $54.32 and a one year high of $65.87. The firm has a market cap of $150.81 billion, a PE ratio of 17.61, a P/E/G ratio of 3.75 and a beta of 0.40.

Unilever Increases Dividend

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

Wall Street Analysts Forecast Growth

UL has been the subject of several research analyst reports. BNP Paribas upgraded shares of Unilever to a "strong-buy" rating in a report on Thursday, May 29th. Jefferies Financial Group restated an "underperform" rating on shares of Unilever in a research note on Sunday, August 3rd. CICC Research began coverage on Unilever in a report on Thursday, August 21st. They set an "outperform" rating on the stock. Finally, BNP Paribas Exane began coverage on Unilever in a report on Thursday, May 29th. They issued an "outperform" rating and a $73.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $73.00.

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.

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