Welch Investments LLC Decreases Holdings in Unilever PLC (UL)

Welch Investments LLC trimmed its position in shares of Unilever PLC (NYSE:UL) by 3.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,710 shares of the company’s stock after selling 2,682 shares during the period. Unilever PLC makes up about 3.4% of Welch Investments LLC’s holdings, making the stock its 6th largest holding. Welch Investments LLC’s holdings in Unilever PLC were worth $4,910,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Mercer Capital Advisers Inc. increased its position in shares of Unilever PLC by 2.6% during the second quarter. Mercer Capital Advisers Inc. now owns 1,950 shares of the company’s stock worth $106,000 after acquiring an additional 50 shares during the period. Hanson & Doremus Investment Management increased its position in shares of Unilever PLC by 7.2% during the second quarter. Hanson & Doremus Investment Management now owns 2,230 shares of the company’s stock worth $121,000 after acquiring an additional 150 shares during the period. Advisors Preferred LLC purchased a new stake in shares of Unilever PLC during the third quarter worth $122,000. YorkBridge Wealth Partners LLC increased its position in shares of Unilever PLC by 22.1% during the second quarter. YorkBridge Wealth Partners LLC now owns 3,383 shares of the company’s stock worth $182,000 after acquiring an additional 613 shares during the period. Finally, Segment Wealth Management LLC purchased a new stake in shares of Unilever PLC during the third quarter worth $201,000. Institutional investors own 7.25% of the company’s stock.

Unilever PLC (UL) traded up $0.32 during trading hours on Thursday, reaching $55.83. The company had a trading volume of 202,885 shares, compared to its average volume of 1,701,459. Unilever PLC has a 52-week low of $38.58 and a 52-week high of $60.13.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Friday, November 3rd will be issued a dividend of $0.4217 per share. This is a positive change from Unilever PLC’s previous quarterly dividend of $0.41. The ex-dividend date is Thursday, November 2nd. This represents a $1.69 annualized dividend and a dividend yield of 3.02%.

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Several research firms recently commented on UL. Zacks Investment Research lowered Unilever PLC from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Royal Bank Of Canada lowered Unilever PLC from a “sector perform” rating to an “underperform” rating in a report on Friday, August 11th. J P Morgan Chase & Co reissued a “neutral” rating on shares of Unilever PLC in a report on Thursday, September 7th. Finally, Morgan Stanley reissued a “neutral” rating on shares of Unilever PLC in a report on Wednesday, October 11th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. Unilever PLC has an average rating of “Hold” and an average price target of $46.50.

Unilever PLC Profile

Unilever PLC is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.

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Institutional Ownership by Quarter for Unilever PLC (NYSE:UL)

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