Founders Financial Securities LLC Has $934,000 Stock Position in Unilever PLC (NYSE:UL)

Founders Financial Securities LLC lessened its stake in shares of Unilever PLC (NYSE:UL) by 30.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,613 shares of the company’s stock after selling 8,063 shares during the quarter. Founders Financial Securities LLC’s holdings in Unilever were worth $934,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Rhumbline Advisers increased its position in Unilever by 3.0% in the 3rd quarter. Rhumbline Advisers now owns 53,913 shares of the company’s stock valued at $2,663,000 after acquiring an additional 1,580 shares during the period. Synovus Financial Corp raised its position in Unilever by 4.3% during the 3rd quarter. Synovus Financial Corp now owns 22,023 shares of the company’s stock worth $1,088,000 after purchasing an additional 900 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in Unilever by 111.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 552 shares of the company’s stock worth $27,000 after buying an additional 291 shares during the period. Logan Capital Management Inc. lifted its holdings in Unilever by 1.1% during the 3rd quarter. Logan Capital Management Inc. now owns 60,398 shares of the company’s stock worth $2,984,000 after buying an additional 632 shares during the period. Finally, Stansberry Asset Management LLC grew its position in shares of Unilever by 10.4% in the 3rd quarter. Stansberry Asset Management LLC now owns 119,791 shares of the company’s stock valued at $5,918,000 after buying an additional 11,280 shares during the last quarter. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UL has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised shares of Unilever from an “underweight” rating to an “overweight” rating in a research note on Thursday, May 23rd. Argus upped their target price on Unilever from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Redburn Atlantic upgraded Unilever from a “neutral” rating to a “buy” rating in a report on Friday, June 7th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $54.00.

Unilever Stock Performance

Shares of UL stock traded down $0.36 during trading on Friday, hitting $54.99. The company’s stock had a trading volume of 2,487,618 shares, compared to its average volume of 2,202,291. The business has a fifty day moving average of $54.04 and a 200-day moving average of $50.67. Unilever PLC has a 52 week low of $46.16 and a 52 week high of $56.47.

Unilever Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were given a $0.4556 dividend. This represents a $1.82 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend was Thursday, May 16th.

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.