Unilever PLC (NYSE:UL) Shares Sold by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp decreased its holdings in Unilever PLC (NYSE:UL) by 11.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,099 shares of the company’s stock after selling 655 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Unilever were worth $331,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Icon Wealth Advisors LLC increased its stake in Unilever by 6.9% during the third quarter. Icon Wealth Advisors LLC now owns 8,899 shares of the company’s stock worth $578,000 after acquiring an additional 578 shares during the last quarter. Capstone Investment Advisors LLC acquired a new position in Unilever during the third quarter valued at approximately $322,000. Fiduciary Trust Co grew its stake in Unilever by 2.8% during the third quarter. Fiduciary Trust Co now owns 44,004 shares of the company’s stock worth $2,858,000 after buying an additional 1,185 shares during the period. National Wealth Management Group LLC purchased a new position in shares of Unilever in the 3rd quarter valued at $362,000. Finally, Blueshift Asset Management LLC purchased a new position in shares of Unilever in the 3rd quarter valued at $452,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on UL shares. Erste Group Bank reiterated a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Bank of America upgraded Unilever from an “underperform” rating to a “buy” rating and raised their target price for the company from $47.00 to $72.00 in a report on Thursday, August 22nd. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $61.75.

Unilever Trading Up 0.2 %

Shares of NYSE:UL opened at $59.84 on Friday. The firm has a market cap of $148.43 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 1.81 and a beta of 0.49. The company has a fifty day simple moving average of $61.34 and a 200 day simple moving average of $59.77. Unilever PLC has a 12-month low of $46.46 and a 12-month high of $65.87.

Unilever Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be given a $0.4755 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.90 annualized dividend and a dividend yield of 3.18%. This is an increase from Unilever’s previous quarterly dividend of $0.35. Unilever’s payout ratio is presently 56.46%.

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.