Powers Advisory Group LLC Lowers Stock Holdings in Unilever PLC (NYSE:UL)

Powers Advisory Group LLC lowered its stake in shares of Unilever PLC (NYSE:UL) by 5.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,914 shares of the company’s stock after selling 480 shares during the quarter. Powers Advisory Group LLC’s holdings in Unilever were worth $531,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Pinion Investment Advisors LLC lifted its position in Unilever by 2.0% in the fourth quarter. Pinion Investment Advisors LLC now owns 9,250 shares of the company’s stock valued at $524,000 after purchasing an additional 177 shares during the period. Tyler Stone Wealth Management lifted its position in Unilever by 2.8% in the fourth quarter. Tyler Stone Wealth Management now owns 6,576 shares of the company’s stock valued at $373,000 after purchasing an additional 180 shares during the period. Ausdal Financial Partners Inc. lifted its position in Unilever by 1.9% in the fourth quarter. Ausdal Financial Partners Inc. now owns 9,956 shares of the company’s stock valued at $565,000 after purchasing an additional 181 shares during the period. Creative Financial Designs Inc. ADV lifted its position in Unilever by 6.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,966 shares of the company’s stock valued at $168,000 after purchasing an additional 185 shares during the period. Finally, Modern Wealth Management LLC lifted its position in Unilever by 1.4% in the fourth quarter. Modern Wealth Management LLC now owns 13,654 shares of the company’s stock valued at $796,000 after purchasing an additional 190 shares during the period. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Stock Performance

UL opened at $62.62 on Friday. The business’s fifty day moving average is $62.74 and its two-hundred day moving average is $59.45. The company has a market cap of $153.91 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 1.60 and a beta of 0.43. Unilever PLC has a one year low of $54.32 and a one year high of $65.87.

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 given a $0.5151 dividend. This is an increase from Unilever’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend was Friday, May 16th. Unilever’s dividend payout ratio is currently 59.03%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. DZ Bank raised Unilever from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. UBS Group upgraded Unilever from a “strong sell” rating to a “hold” rating in a research report on Friday, May 2nd. BNP Paribas Exane began coverage on Unilever in a research report on Thursday, May 29th. They set an “outperform” rating and a $73.00 target price on the stock. Finally, BNP Paribas upgraded Unilever to a “strong-buy” rating in a research report on Thursday, May 29th. One investment 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 company’s stock. According to MarketBeat.com, Unilever presently has an average rating of “Moderate Buy” and a consensus target price of $70.67.

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.