Unilever PLC (NYSE:UL) Shares Sold by Wellington Shields & Co. LLC

Wellington Shields & Co. LLC lowered its position in Unilever PLC (NYSE:UL) by 41.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,012 shares of the company’s stock after selling 3,600 shares during the quarter. Wellington Shields & Co. LLC’s holdings in Unilever were worth $276,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in UL. Red Tortoise LLC bought a new stake in shares of Unilever in the 1st quarter worth about $26,000. Rise Advisors LLC bought a new stake in Unilever in the first quarter valued at about $28,000. Quent Capital LLC acquired a new stake in Unilever during the first quarter valued at approximately $28,000. ST Germain D J Co. Inc. lifted its holdings in Unilever by 423.8% during the 2nd quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after buying an additional 428 shares during the last quarter. Finally, YHB Investment Advisors Inc. acquired a new position in shares of Unilever in the 1st quarter worth approximately $30,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on UL. TD Cowen assumed coverage on Unilever in a research report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price target on the stock. UBS Group raised shares of Unilever to a “strong sell” rating in a report on Tuesday, July 30th. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a research report on Saturday, August 3rd. Bank of America raised shares of Unilever from an “underperform” rating to a “buy” rating and raised their target price for the stock from $47.00 to $72.00 in a report on Thursday, August 22nd. Finally, Redburn Atlantic raised Unilever from a “neutral” rating to a “buy” rating in a report on Friday, June 7th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $61.75.

Unilever Stock Performance

NYSE UL opened at $65.35 on Wednesday. The company has a 50-day moving average price of $60.68 and a two-hundred day moving average price of $54.93. Unilever PLC has a 52 week low of $46.16 and a 52 week high of $65.86.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 9th were given a $0.4773 dividend. This is a boost from Unilever’s previous quarterly dividend of $0.46. This represents a $1.91 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend was Friday, August 9th.

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.