Trust Co. of Vermont Sells 269 Shares of Unilever PLC $UL

Trust Co. of Vermont lowered its position in Unilever PLC (NYSE:UL) by 0.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,460 shares of the company’s stock after selling 269 shares during the period. Trust Co. of Vermont’s holdings in Unilever were worth $2,169,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC acquired a new position in shares of Unilever during the 1st quarter worth $30,000. Brentview Investment Management LLC bought a new stake in Unilever in the first quarter worth $33,000. Richardson Financial Services Inc. increased its position in Unilever by 209.0% during the first quarter. Richardson Financial Services Inc. now owns 618 shares of the company’s stock worth $37,000 after buying an additional 418 shares during the last quarter. Marshall & Sullivan Inc. WA bought a new position in Unilever during the second quarter valued at about $55,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Unilever in the first quarter worth about $63,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on UL. CICC Research began coverage on Unilever in a report on Thursday, August 21st. They set an “outperform” rating on the stock. Zacks Research upgraded Unilever from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 17th. Finally, Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a report on Sunday, August 3rd. Three investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $73.00.

Unilever Stock Down 0.8%

UL opened at $58.80 on Thursday. The firm has a market capitalization of $144.27 billion, a P/E ratio of 16.85, a price-to-earnings-growth ratio of 3.57 and a beta of 0.41. The stock’s 50 day moving average price is $61.53 and its two-hundred day moving average price is $61.59. Unilever PLC has a 12-month low of $54.32 and a 12-month high of $65.66.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 15th were paid a $0.5175 dividend. The ex-dividend date was Friday, August 15th. This is a positive change from Unilever’s previous quarterly dividend of $0.52. This represents a $2.07 annualized dividend and a dividend yield of 3.5%. Unilever’s dividend payout ratio is 59.31%.

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.