Wilmington Savings Fund Society FSB Sells 6,942 Shares of Unilever PLC $UL

Key Points

• Wilmington Savings Fund Society FSB reduced its stake in Unilever PLC by 5.3%, selling 6,942 shares during the second quarter, leaving it with 123,413 shares valued at approximately $7.55 million.
• Analysts have mixed ratings on Unilever, with a consensus of Moderate Buy and a price target of $73.00, reflecting optimism from some and caution from others.
• Unilever recently announced an increase in its quarterly dividend to $0.5175 per share, representing a dividend yield of 3.4% and a payout ratio of 59.31%.

Wilmington Savings Fund Society FSB lowered its stake in Unilever PLC (NYSE:UL - Free Report) by 5.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 123,413 shares of the company's stock after selling 6,942 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Unilever were worth $7,549,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Naviter Wealth LLC lifted its stake in Unilever by 3.0% in the second quarter. Naviter Wealth LLC now owns 58,671 shares of the company's stock valued at $3,589,000 after buying an additional 1,702 shares in the last quarter. Moran Wealth Management LLC lifted its stake in Unilever by 2.7% in the second quarter. Moran Wealth Management LLC now owns 79,405 shares of the company's stock valued at $4,857,000 after buying an additional 2,115 shares in the last quarter. Cornerstone Wealth Group LLC raised its holdings in shares of Unilever by 3.4% in the second quarter. Cornerstone Wealth Group LLC now owns 6,583 shares of the company's stock valued at $403,000 after purchasing an additional 217 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Unilever by 32.3% in the second quarter. Sequoia Financial Advisors LLC now owns 46,975 shares of the company's stock valued at $2,873,000 after purchasing an additional 11,481 shares during the last quarter. Finally, Yousif Capital Management LLC raised its holdings in shares of Unilever by 8.9% in the second quarter. Yousif Capital Management LLC now owns 27,663 shares of the company's stock valued at $1,692,000 after purchasing an additional 2,260 shares during the last quarter. Institutional investors own 9.67% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on UL shares. Zacks Research upgraded shares of Unilever from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 17th. CICC Research started coverage on shares of Unilever in a report on Thursday, August 21st. They issued an "outperform" rating on the stock. Jefferies Financial Group reiterated an "underperform" rating on shares of Unilever in a report on Sunday, August 3rd. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Unilever in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $73.00.

Unilever Trading Down 0.5%

Shares of UL opened at $60.11 on Tuesday. The company has a market cap of $147.49 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 4.53 and a beta of 0.40. Unilever PLC has a 1-year low of $54.32 and a 1-year high of $65.66. The company's fifty day simple moving average is $61.43 and its 200 day simple moving average is $61.65.

Unilever Increases Dividend

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

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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