Unilever PLC (NYSE:UL) Shares Sold by Birch Hill Investment Advisors LLC

Birch Hill Investment Advisors LLC lessened its holdings in Unilever PLC (NYSE:UL) by 33.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,000 shares of the company’s stock after selling 2,020 shares during the period. Birch Hill Investment Advisors LLC’s holdings in Unilever were worth $238,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. VSM Wealth Advisory LLC acquired a new position in Unilever during the 4th quarter worth about $28,000. Vermillion Wealth Management Inc. acquired a new position in Unilever during the 4th quarter worth about $30,000. Mainstream Capital Management LLC acquired a new position in Unilever during the 4th quarter worth about $31,000. Murphy & Mullick Capital Management Corp acquired a new position in Unilever during the 4th quarter worth about $39,000. Finally, Union Bancaire Privee UBP SA acquired a new position in Unilever during the 4th quarter worth about $40,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Price Performance

UL stock opened at $62.22 on Wednesday. The firm has a market capitalization of $152.72 billion, a P/E ratio of 17.83, a P/E/G ratio of 3.51 and a beta of 0.43. The business’s 50-day moving average is $62.89 and its two-hundred day moving average is $59.49. Unilever PLC has a 1 year low of $54.32 and a 1 year high of $65.87.

Unilever Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 16th were given a $0.5151 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.06 dividend on an annualized basis and a yield of 3.31%. This is a positive change from Unilever’s previous quarterly dividend of $0.47. Unilever’s dividend payout ratio (DPR) is currently 59.03%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on UL shares. BNP Paribas Exane started coverage on Unilever in a research note on Thursday, May 29th. They set an “outperform” rating and a $73.00 target price on the stock. Wall Street Zen lowered Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. BNP Paribas raised Unilever to a “strong-buy” rating in a research report on Thursday, May 29th. UBS Group raised Unilever from a “strong sell” rating to a “hold” rating in a research report on Friday, May 2nd. Finally, DZ Bank raised Unilever from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. One analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Unilever currently has a consensus rating of “Moderate Buy” and an average 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.