Waldron Private Wealth LLC Sells 754 Shares of Unilever PLC $UL

Waldron Private Wealth LLC lessened its holdings in shares of Unilever PLC (NYSE:UL) by 4.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,754 shares of the company’s stock after selling 754 shares during the quarter. Waldron Private Wealth LLC’s holdings in Unilever were worth $1,086,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Gallacher Capital Management LLC boosted its position in Unilever by 1.9% during the second quarter. Gallacher Capital Management LLC now owns 8,700 shares of the company’s stock worth $532,000 after purchasing an additional 165 shares during the period. Essex Financial Services Inc. boosted its position in Unilever by 1.0% during the first quarter. Essex Financial Services Inc. now owns 16,246 shares of the company’s stock worth $967,000 after purchasing an additional 168 shares during the period. SBI Securities Co. Ltd. boosted its position in Unilever by 0.8% during the first quarter. SBI Securities Co. Ltd. now owns 21,492 shares of the company’s stock worth $1,280,000 after purchasing an additional 172 shares during the period. Trust Co. of Vermont boosted its position in Unilever by 0.5% during the first quarter. Trust Co. of Vermont now owns 35,729 shares of the company’s stock worth $2,128,000 after purchasing an additional 181 shares during the period. Finally, Ascent Group LLC boosted its position in Unilever by 2.3% during the second quarter. Ascent Group LLC now owns 8,457 shares of the company’s stock worth $517,000 after purchasing an additional 187 shares during the period. Institutional investors own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on UL shares. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a research report on Sunday, August 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Unilever in a report on Friday. CICC Research initiated coverage on shares of Unilever in a report on Thursday, August 21st. They issued an “outperform” rating on the stock. Finally, Zacks Research downgraded shares of Unilever from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 16th. Two 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, Unilever presently has an average rating of “Moderate Buy” and an average target price of $73.00.

Unilever Price Performance

Shares of Unilever stock opened at $62.64 on Friday. Unilever PLC has a 12-month low of $54.32 and a 12-month high of $65.66. The company’s 50-day moving average price is $61.62 and its 200-day moving average price is $61.81.

Unilever Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 7th will be paid a $0.5258 dividend. This is an increase from Unilever’s previous quarterly dividend of $0.52. This represents a $2.10 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, November 7th.

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.