Courier Capital LLC Has $3.48 Million Stock Position in Unilever PLC (NYSE:UL)

Courier Capital LLC lowered its stake in Unilever PLC (NYSE:UL) by 2.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 58,500 shares of the company’s stock after selling 1,185 shares during the period. Courier Capital LLC’s holdings in Unilever were worth $3,484,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of UL. Golden State Wealth Management LLC bought a new stake in Unilever in the 4th quarter valued at about $26,000. VSM Wealth Advisory LLC bought a new position in Unilever in the 4th quarter valued at approximately $28,000. Roxbury Financial LLC bought a new position in Unilever in the 4th quarter valued at approximately $30,000. Vermillion Wealth Management Inc. bought a new position in Unilever in the 4th quarter valued at approximately $30,000. Finally, Mainstream Capital Management LLC acquired a new position in Unilever in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. UBS Group upgraded shares of Unilever from a “strong sell” rating to a “hold” rating in a research report on Friday, May 2nd. BNP Paribas upgraded shares of Unilever to a “strong-buy” rating in a research report on Thursday, May 29th. DZ Bank upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. BNP Paribas Exane assumed coverage on shares of Unilever in a research report on Thursday, May 29th. They issued an “outperform” rating and a $73.00 price target for the company. 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 equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.67.

Unilever Stock Down 0.1%

UL opened at $63.03 on Monday. Unilever PLC has a twelve month low of $54.32 and a twelve month high of $65.87. The company has a fifty day moving average of $62.40 and a 200-day moving average of $59.32. The stock has a market cap of $154.91 billion, a PE ratio of 18.06, a price-to-earnings-growth ratio of 1.60 and a beta of 0.43.

Unilever Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 16th will be given a dividend of $0.5151 per share. The ex-dividend date of this dividend is Friday, May 16th. This is a boost from Unilever’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a dividend yield of 3.27%. Unilever’s dividend payout ratio is 59.03%.

Unilever Company 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.