Unilever PLC (NYSE:UL) Shares Acquired by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV lifted its position in Unilever PLC (NYSE:UL) by 2.4% in the 1st quarter, Holdings Channel.com reports. The fund owned 59,970 shares of the company’s stock after acquiring an additional 1,424 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Unilever were worth $3,010,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Naviter Wealth LLC boosted its position in Unilever by 36.5% during the 1st quarter. Naviter Wealth LLC now owns 56,499 shares of the company’s stock valued at $2,836,000 after purchasing an additional 15,112 shares during the period. InTrack Investment Management Inc boosted its holdings in shares of Unilever by 95.2% during the first quarter. InTrack Investment Management Inc now owns 27,952 shares of the company’s stock valued at $1,403,000 after acquiring an additional 13,633 shares during the period. Buffington Mohr McNeal grew its position in shares of Unilever by 1.3% during the first quarter. Buffington Mohr McNeal now owns 27,215 shares of the company’s stock worth $1,366,000 after acquiring an additional 354 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Unilever by 27.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 969,267 shares of the company’s stock worth $48,648,000 after acquiring an additional 207,182 shares during the last quarter. Finally, Hexagon Capital Partners LLC grew its position in shares of Unilever by 50.2% during the first quarter. Hexagon Capital Partners LLC now owns 5,120 shares of the company’s stock worth $257,000 after acquiring an additional 1,711 shares during the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on UL shares. Redburn Atlantic upgraded shares of Unilever from a “neutral” rating to a “buy” rating in a research report on Friday, June 7th. StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a research report on Thursday, June 27th. Argus upped their price target on shares of Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Finally, JPMorgan Chase & Co. raised shares of Unilever from an “underweight” rating to an “overweight” rating in a report on Thursday, May 23rd. Three analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Unilever presently has an average rating of “Hold” and an average price target of $54.00.

Unilever Price Performance

Shares of NYSE UL traded up $0.10 during trading on Wednesday, hitting $54.92. The company had a trading volume of 414,023 shares, compared to its average volume of 2,745,599. Unilever PLC has a 52 week low of $46.16 and a 52 week high of $56.47. The business’s 50-day moving average is $54.31 and its 200 day moving average is $50.79.

Unilever Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were issued a $0.4556 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date 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.