Waldron Private Wealth LLC Lowers Stock Position in Unilever PLC $UL

Waldron Private Wealth LLC reduced its stake in Unilever PLC (NYSE:UL) by 4.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. N.E.W. Advisory Services LLC purchased a new stake in Unilever in the first quarter valued at approximately $30,000. Brentview Investment Management LLC purchased a new position in shares of Unilever during the first quarter worth approximately $33,000. Richardson Financial Services Inc. raised its stake in shares of Unilever by 209.0% during the first quarter. Richardson Financial Services Inc. now owns 618 shares of the company’s stock worth $37,000 after acquiring an additional 418 shares in the last quarter. Financial Connections Group Inc. purchased a new position in shares of Unilever during the second quarter worth approximately $39,000. Finally, Marshall & Sullivan Inc. WA purchased a new position in shares of Unilever during the second quarter worth approximately $55,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Stock Performance

Shares of Unilever stock opened at $62.64 on Friday. Unilever PLC has a 52-week low of $54.32 and a 52-week 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 company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 7th will be issued a $0.5258 dividend. This is a positive change from Unilever’s previous quarterly dividend of $0.52. This represents a $2.10 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Friday, November 7th.

Wall Street Analyst Weigh In

Several research firms have commented on UL. CICC Research began coverage on shares of Unilever in a research note on Thursday, August 21st. They set an “outperform” rating on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Unilever in a research note on Friday. Zacks Research downgraded shares of Unilever from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 16th. Finally, Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a research note on Sunday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Unilever has an average rating of “Moderate Buy” and a consensus 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.