Zevin Asset Management LLC Sells 14,448 Shares of Unilever PLC (NYSE:UL)

Zevin Asset Management LLC decreased its stake in shares of Unilever PLC (NYSE:UL - Free Report) by 5.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 248,304 shares of the company's stock after selling 14,448 shares during the period. Unilever accounts for approximately 2.3% of Zevin Asset Management LLC's holdings, making the stock its 15th biggest holding. Zevin Asset Management LLC's holdings in Unilever were worth $14,787,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in UL. Vermillion Wealth Management Inc. bought a new stake in Unilever during the 4th quarter worth approximately $30,000. Murphy & Mullick Capital Management Corp acquired a new stake in Unilever during the 4th quarter valued at $39,000. Accredited Wealth Management LLC acquired a new stake in Unilever during the 4th quarter valued at $43,000. Greenline Partners LLC acquired a new stake in Unilever during the 4th quarter valued at $58,000. Finally, Opal Wealth Advisors LLC acquired a new stake in Unilever during the 1st quarter valued at $63,000. Institutional investors and hedge funds own 9.67% of the company's stock.

Unilever Price Performance

NYSE UL traded up $0.80 on Tuesday, reaching $60.46. 1,426,900 shares of the company's stock traded hands, compared to its average volume of 2,469,995. The stock has a market cap of $148.41 billion, a PE ratio of 17.32, a P/E/G ratio of 3.79 and a beta of 0.41. Unilever PLC has a 12 month low of $54.32 and a 12 month high of $65.87. The stock has a 50-day simple moving average of $62.05 and a 200 day simple moving average of $59.98.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 16th were issued a $0.5151 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.41%. The ex-dividend date was Friday, May 16th. This is a boost from Unilever's previous quarterly dividend of $0.47. Unilever's payout ratio is 59.03%.

Analyst Ratings Changes

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

Unilever 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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