Unilever PLC (NYSE:UL) Shares Sold by Yacktman Asset Management LP

Yacktman Asset Management LP decreased its position in shares of Unilever PLC (NYSE:UL - Free Report) by 7.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 250,411 shares of the company's stock after selling 21,552 shares during the quarter. Yacktman Asset Management LP's holdings in Unilever were worth $14,912,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. VSM Wealth Advisory LLC acquired a new stake in shares of Unilever during the 4th quarter valued at approximately $28,000. Vermillion Wealth Management Inc. acquired a new position in Unilever in the 4th quarter valued at $30,000. Murphy & Mullick Capital Management Corp acquired a new position in Unilever in the 4th quarter valued at $39,000. Accredited Wealth Management LLC purchased a new stake in shares of Unilever during the 4th quarter valued at $43,000. Finally, Greenline Partners LLC purchased a new stake in shares of Unilever during the 4th quarter valued at $58,000. Hedge funds and other institutional investors own 9.67% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on UL shares. BNP Paribas Exane started coverage on shares of Unilever in a research note on Thursday, May 29th. They set an "outperform" rating and a $73.00 price objective for the company. BNP Paribas raised shares of Unilever to a "strong-buy" rating in a research note on Thursday, May 29th. UBS Group raised shares of Unilever from a "strong sell" rating to a "hold" rating in a research report on Friday, May 2nd. Finally, Wall Street Zen cut shares of Unilever from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Unilever currently has a consensus rating of "Moderate Buy" and a consensus price target of $70.67.

Unilever Trading Down 1.2%

UL stock traded down $0.71 during trading on Friday, reaching $60.76. The stock had a trading volume of 2,015,443 shares, compared to its average volume of 2,485,448. Unilever PLC has a 1-year low of $54.32 and a 1-year high of $65.87. The company has a market capitalization of $149.14 billion, a P/E ratio of 17.41, a PEG ratio of 3.86 and a beta of 0.41. The firm has a fifty day moving average price of $62.42 and a 200 day moving average price of $59.80.

Unilever Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 16th were paid a $0.5151 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date was Friday, May 16th. This is a positive change from Unilever's previous quarterly dividend of $0.47. Unilever's dividend 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.