Avidian Wealth Enterprises LLC Sells 431 Shares of Unilever PLC $UL

Avidian Wealth Enterprises LLC lessened its holdings in Unilever PLC (NYSE:UL) by 2.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 18,366 shares of the company’s stock after selling 431 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Unilever were worth $1,123,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in Unilever by 33.2% during the 1st quarter. Bank of New York Mellon Corp now owns 934,804 shares of the company’s stock valued at $55,668,000 after acquiring an additional 232,945 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Unilever by 13.9% in the 1st quarter. Wellington Management Group LLP now owns 28,100,442 shares of the company’s stock worth $1,673,381,000 after purchasing an additional 3,421,054 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Unilever by 65.1% in the 1st quarter. Russell Investments Group Ltd. now owns 232,096 shares of the company’s stock worth $13,821,000 after purchasing an additional 91,511 shares in the last quarter. Banco Santander S.A. grew its stake in Unilever by 70.6% during the 1st quarter. Banco Santander S.A. now owns 15,030 shares of the company’s stock worth $895,000 after buying an additional 6,220 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in Unilever by 7.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 211,767 shares of the company’s stock valued at $12,996,000 after buying an additional 15,421 shares in the last quarter. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Stock Performance

Shares of Unilever stock opened at $62.36 on Wednesday. The business has a 50-day simple moving average of $61.58 and a 200-day simple moving average of $61.72. Unilever PLC has a one year low of $54.32 and a one year high of $65.66. The company has a market cap of $153.01 billion, a PE ratio of 17.87, a P/E/G ratio of 4.74 and a beta of 0.40.

Unilever Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 15th were paid a dividend of $0.5175 per share. The ex-dividend date was Friday, August 15th. This represents a $2.07 dividend on an annualized basis and a yield of 3.3%. This is a boost from Unilever’s previous quarterly dividend of $0.52. Unilever’s dividend payout ratio (DPR) is 59.31%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a research note on Sunday, August 3rd. Zacks Research lowered shares of Unilever from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 16th. Weiss Ratings restated a “buy (b)” rating on shares of Unilever in a research note on Wednesday, October 8th. Finally, CICC Research initiated coverage on Unilever in a research note on Thursday, August 21st. They set an “outperform” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Unilever has an average rating of “Moderate Buy” and an average target price 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.