Unilever PLC $UL Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC lowered its stake in shares of Unilever PLC (NYSE:UL) by 14.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,810 shares of the company’s stock after selling 788 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Unilever were worth $294,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in UL. N.E.W. Advisory Services LLC acquired a new stake in shares of Unilever during the first quarter valued at $30,000. Brentview Investment Management LLC acquired a new stake in Unilever in the 1st quarter worth about $33,000. Richardson Financial Services Inc. boosted its stake in Unilever by 209.0% in the 1st 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 acquired a new stake in Unilever in the 2nd quarter worth about $55,000. Finally, Opal Wealth Advisors LLC acquired a new stake in Unilever in the 1st quarter worth about $63,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

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

Unilever Price Performance

Unilever stock opened at $60.47 on Friday. The stock’s 50-day moving average is $61.44 and its 200-day moving average is $61.63. The company has a market cap of $148.36 billion, a price-to-earnings ratio of 17.33, a price-to-earnings-growth ratio of 4.53 and a beta of 0.40. Unilever PLC has a 12 month low of $54.32 and a 12 month high of $65.66.

Unilever Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 15th were issued a $0.5175 dividend. This is a positive change from Unilever’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, August 15th. This represents a $2.07 dividend on an annualized basis and a dividend yield of 3.4%. Unilever’s dividend payout ratio (DPR) 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.