Blue Trust Inc. Sells 3,566 Shares of Unilever PLC $UL

Blue Trust Inc. cut its stake in shares of Unilever PLC (NYSE:UL) by 20.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,149 shares of the company’s stock after selling 3,566 shares during the period. Blue Trust Inc.’s holdings in Unilever were worth $866,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. N.E.W. Advisory Services LLC bought a new stake in shares of Unilever during the 1st quarter worth $30,000. Brentview Investment Management LLC bought a new stake in shares of Unilever during the 1st quarter worth $33,000. Richardson Financial Services Inc. raised its stake in shares of Unilever by 209.0% during the 1st quarter. Richardson Financial Services Inc. now owns 618 shares of the company’s stock worth $37,000 after purchasing an additional 418 shares during the period. Marshall & Sullivan Inc. WA bought a new stake in shares of Unilever during the 2nd quarter worth $55,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Unilever during the 1st quarter worth $63,000. 9.67% of the stock is currently owned by institutional investors.

Unilever Stock Up 2.6%

UL stock opened at $60.47 on Friday. The firm has a market capitalization of $148.36 billion, a PE ratio of 17.33, a PEG ratio of 4.53 and a beta of 0.40. Unilever PLC has a twelve month low of $54.32 and a twelve month high of $65.66. The stock has a 50-day simple moving average of $61.44 and a two-hundred day simple moving average of $61.63.

Unilever Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 15th were issued a dividend of $0.5175 per share. This represents a $2.07 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, August 15th. This is a boost from Unilever’s previous quarterly dividend of $0.52. Unilever’s payout ratio is presently 59.31%.

Wall Street Analyst Weigh In

UL has been the subject of several recent research reports. CICC Research initiated coverage on Unilever in a report on Thursday, August 21st. They issued an “outperform” rating for the company. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a report on Sunday, August 3rd. Zacks Research raised Unilever from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 17th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Unilever in a report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $73.00.

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.