Unilever PLC (NYSE:UL) Shares Sold by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC lessened its stake in shares of Unilever PLC (NYSE:UL) by 20.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,325 shares of the company’s stock after selling 5,072 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Unilever were worth $970,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Life Planning Partners Inc purchased a new position in Unilever in the 4th quarter valued at about $27,000. Rise Advisors LLC acquired a new stake in Unilever during the 1st quarter valued at approximately $28,000. VisionPoint Advisory Group LLC grew its stake in Unilever by 215.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock valued at $29,000 after purchasing an additional 400 shares in the last quarter. Financial Management Professionals Inc. increased its holdings in Unilever by 75.8% during the 1st quarter. Financial Management Professionals Inc. now owns 610 shares of the company’s stock worth $31,000 after purchasing an additional 263 shares during the last quarter. Finally, Voisard Asset Management Group Inc. acquired a new position in shares of Unilever in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Stock Performance

NYSE UL traded up $0.17 during trading hours on Wednesday, reaching $54.99. The company’s stock had a trading volume of 921,631 shares, compared to its average volume of 2,749,595. The business has a 50-day simple moving average of $54.31 and a 200 day simple moving average of $50.79. 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. Investors of record on Friday, May 17th were given a dividend of $0.4556 per share. The ex-dividend date was Thursday, May 16th. This represents a $1.82 dividend on an annualized basis and a yield of 3.31%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on UL shares. Redburn Atlantic upgraded shares of Unilever from a “neutral” rating to a “buy” rating in a research note on Friday, June 7th. JPMorgan Chase & Co. upgraded shares of Unilever from an “underweight” rating to an “overweight” rating in a research note on Thursday, May 23rd. Argus lifted their price target on Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Finally, StockNews.com cut Unilever from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $54.00.

Unilever Company 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.