DMC Group LLC Reduces Stake in Unilever PLC (NYSE:UL)

DMC Group LLC cut its position in shares of Unilever PLC (NYSE:UL) by 28.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,132 shares of the company’s stock after selling 1,254 shares during the quarter. DMC Group LLC’s holdings in Unilever were worth $203,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of UL. Resonant Capital Advisors LLC acquired a new stake in shares of Unilever in the third quarter valued at approximately $337,000. ST Germain D J Co. Inc. lifted its stake in Unilever by 62.8% in the 3rd quarter. ST Germain D J Co. Inc. now owns 861 shares of the company’s stock valued at $56,000 after buying an additional 332 shares in the last quarter. Blue Trust Inc. grew its holdings in Unilever by 71.8% during the 3rd quarter. Blue Trust Inc. now owns 18,480 shares of the company’s stock valued at $1,200,000 after buying an additional 7,726 shares during the last quarter. Net Worth Advisory Group acquired a new position in shares of Unilever in the third quarter worth $337,000. Finally, Intergy Private Wealth LLC purchased a new stake in shares of Unilever in the third quarter valued at $201,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

UL has been the topic of several analyst reports. Bank of America raised shares of Unilever from an “underperform” rating to a “buy” rating and raised their price target for the stock from $47.00 to $72.00 in a research note on Thursday, August 22nd. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a research note on Friday, October 4th. UBS Group raised Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. Finally, TD Cowen began coverage on Unilever in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price objective for the company. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $61.75.

Unilever Stock Up 0.1 %

Shares of NYSE UL opened at $62.95 on Friday. The stock has a market capitalization of $157.57 billion, a PE ratio of 18.30, a P/E/G ratio of 1.89 and a beta of 0.48. The firm has a fifty day moving average of $63.71 and a 200-day moving average of $57.73. Unilever PLC has a 52-week low of $46.16 and a 52-week high of $65.87.

Unilever Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 9th were paid a dividend of $0.4773 per share. The ex-dividend date was Friday, August 9th. This is a positive change from Unilever’s previous quarterly dividend of $0.46. This represents a $1.91 annualized dividend and a yield of 3.03%. Unilever’s dividend payout ratio is currently 54.65%.

Unilever 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.