First Hawaiian Bank Trims Position in Unilever PLC (NYSE:UL)

First Hawaiian Bank decreased its holdings in shares of Unilever PLC (NYSE:UL) by 11.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,612 shares of the company’s stock after selling 2,993 shares during the quarter. First Hawaiian Bank’s holdings in Unilever were worth $1,298,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Red Tortoise LLC acquired a new position in shares of Unilever in the 1st quarter valued at $26,000. Quent Capital LLC acquired a new position in Unilever in the first quarter valued at $28,000. Rise Advisors LLC purchased a new stake in Unilever during the first quarter valued at about $28,000. YHB Investment Advisors Inc. purchased a new stake in Unilever during the first quarter valued at about $30,000. Finally, Financial Management Professionals Inc. increased its stake in Unilever by 75.8% during the first quarter. Financial Management Professionals Inc. now owns 610 shares of the company’s stock worth $31,000 after acquiring an additional 263 shares during the last quarter. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on UL shares. Argus boosted their target price on Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. UBS Group upgraded shares of Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. TD Cowen started coverage on shares of Unilever in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price objective for the company. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Redburn Atlantic upgraded Unilever from a “neutral” rating to a “buy” rating in a report on Friday, June 7th. Four research analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $58.33.

Unilever Price Performance

Shares of UL stock traded up $0.79 on Tuesday, hitting $61.51. The stock had a trading volume of 2,966,911 shares, compared to its average volume of 2,820,389. The stock’s 50 day moving average is $56.80 and its 200-day moving average is $52.45. Unilever PLC has a 52-week low of $46.16 and a 52-week high of $62.65.

Unilever Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 9th will be given a $0.4773 dividend. This is a boost from Unilever’s previous quarterly dividend of $0.46. This represents a $1.91 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date is Friday, August 9th.

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.