Apollon Wealth Management LLC Purchases 36,693 Shares of Unilever PLC (NYSE:UL)

Apollon Wealth Management LLC grew its holdings in Unilever PLC (NYSE:UL - Free Report) by 179.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 57,156 shares of the company's stock after purchasing an additional 36,693 shares during the period. Apollon Wealth Management LLC's holdings in Unilever were worth $2,771,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of UL. Life Planning Partners Inc acquired a new position in shares of Unilever during the fourth quarter worth $27,000. Jones Financial Companies Lllp raised its position in Unilever by 111.5% in the third quarter. Jones Financial Companies Lllp now owns 552 shares of the company's stock valued at $27,000 after purchasing an additional 291 shares during the last quarter. VisionPoint Advisory Group LLC grew its holdings in shares of Unilever by 215.1% during the third quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company's stock worth $29,000 after purchasing an additional 400 shares during the last quarter. Evolution Advisers Inc. acquired a new position in shares of Unilever in the fourth quarter valued at approximately $34,000. Finally, Planned Solutions Inc. bought a new position in Unilever in the 4th quarter valued at approximately $44,000. Institutional investors and hedge funds own 9.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on UL shares. Morgan Stanley lowered shares of Unilever from an "equal weight" rating to an "underweight" rating and reduced their target price for the stock from $52.00 to $48.00 in a report on Tuesday, February 27th. StockNews.com upgraded Unilever from a "hold" rating to a "buy" rating in a report on Wednesday, May 1st. Three analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $48.00.

Unilever Stock Performance

UL stock traded up $0.51 during trading on Tuesday, hitting $52.66. The company had a trading volume of 3,589,224 shares, compared to its average volume of 2,915,159. Unilever PLC has a one year low of $46.16 and a one year high of $55.63. The business has a 50-day moving average of $49.24 and a 200-day moving average of $48.72.

Unilever Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be given a dividend of $0.4556 per share. This represents a $1.82 annualized dividend and a dividend yield of 3.46%. The ex-dividend date is Thursday, May 16th.

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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