Unilever PLC (NYSE:UL) Holdings Decreased by Tritonpoint Wealth LLC

Tritonpoint Wealth LLC trimmed its position in Unilever PLC (NYSE:UL) by 27.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,481 shares of the company’s stock after selling 2,477 shares during the quarter. Tritonpoint Wealth LLC’s holdings in Unilever were worth $386,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Pinion Investment Advisors LLC increased its holdings in shares of Unilever by 2.0% in the 4th quarter. Pinion Investment Advisors LLC now owns 9,250 shares of the company’s stock valued at $524,000 after acquiring an additional 177 shares during the last quarter. Tyler Stone Wealth Management grew its stake in Unilever by 2.8% during the 4th quarter. Tyler Stone Wealth Management now owns 6,576 shares of the company’s stock worth $373,000 after buying an additional 180 shares during the last quarter. Ausdal Financial Partners Inc. grew its stake in Unilever by 1.9% during the 4th quarter. Ausdal Financial Partners Inc. now owns 9,956 shares of the company’s stock worth $565,000 after buying an additional 181 shares during the last quarter. Creative Financial Designs Inc. ADV grew its stake in Unilever by 6.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,966 shares of the company’s stock worth $168,000 after buying an additional 185 shares during the last quarter. Finally, Modern Wealth Management LLC grew its stake in Unilever by 1.4% during the 4th quarter. Modern Wealth Management LLC now owns 13,654 shares of the company’s stock worth $796,000 after buying an additional 190 shares during the last quarter. 9.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. BNP Paribas upgraded Unilever to a “strong-buy” rating in a research note on Thursday, May 29th. Wall Street Zen downgraded Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. DZ Bank upgraded Unilever from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. BNP Paribas Exane assumed coverage on Unilever in a research note on Thursday, May 29th. They set an “outperform” rating and a $73.00 price objective for the company. Finally, UBS Group upgraded Unilever from a “strong sell” rating to a “hold” rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Unilever presently has a consensus rating of “Moderate Buy” and an average target price of $70.67.

Unilever Stock Performance

NYSE:UL opened at $62.62 on Friday. Unilever PLC has a 1 year low of $54.32 and a 1 year high of $65.87. The stock has a market cap of $153.91 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 1.60 and a beta of 0.43. The business has a fifty day moving average of $62.74 and a 200-day moving average of $59.45.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 16th were paid a $0.5151 dividend. This is a boost from Unilever’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.06 annualized dividend and a dividend yield of 3.29%. Unilever’s dividend payout ratio is presently 59.03%.

About Unilever

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.