SageView Advisory Group LLC Sells 1,027 Shares of Unilever PLC $UL

SageView Advisory Group LLC trimmed its stake in Unilever PLC (NYSE:UL) by 16.6% during the 1st quarter, Holdings Channel reports. The firm owned 5,161 shares of the company’s stock after selling 1,027 shares during the quarter. SageView Advisory Group LLC’s holdings in Unilever were worth $307,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vermillion Wealth Management Inc. purchased a new stake in Unilever in the fourth quarter worth approximately $30,000. N.E.W. Advisory Services LLC purchased a new stake in Unilever in the first quarter worth approximately $30,000. Brentview Investment Management LLC purchased a new stake in Unilever in the first quarter worth approximately $33,000. Richardson Financial Services Inc. boosted its stake in Unilever by 209.0% in the first quarter. Richardson Financial Services Inc. now owns 618 shares of the company’s stock worth $37,000 after buying an additional 418 shares in the last quarter. Finally, Opal Wealth Advisors LLC purchased a new stake in Unilever in the first quarter worth approximately $63,000. 9.67% of the stock is currently owned by institutional investors.

Unilever Stock Performance

Shares of Unilever stock opened at $62.90 on Friday. Unilever PLC has a 52-week low of $54.32 and a 52-week high of $65.87. The stock has a market capitalization of $154.32 billion, a price-to-earnings ratio of 18.02, a P/E/G ratio of 3.82 and a beta of 0.40. The company’s 50 day moving average price is $61.55 and its 200-day moving average price is $61.39.

Unilever Increases Dividend

The company also recently announced 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. This represents a $2.07 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Friday, August 15th. Unilever’s dividend payout ratio (DPR) is 59.31%.

Analyst Ratings Changes

Several analysts have issued reports on the company. BNP Paribas Exane assumed coverage on Unilever in a research note on Thursday, May 29th. They issued an “outperform” rating and a $73.00 target price for the company. CICC Research assumed coverage on Unilever in a research note on Thursday, August 21st. They issued an “outperform” rating for the company. BNP Paribas raised Unilever to a “strong-buy” rating in a research note on Thursday, May 29th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a research note on Sunday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $73.00.

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.