Naviter Wealth LLC Lowers Stake in Unilever PLC (NYSE:UL)

Naviter Wealth LLC decreased its stake in shares of Unilever PLC (NYSE:UL) by 1.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,891 shares of the company’s stock after selling 1,100 shares during the quarter. Naviter Wealth LLC’s holdings in Unilever were worth $3,761,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in UL. Mayflower Financial Advisors LLC boosted its stake in shares of Unilever by 4.1% during the second quarter. Mayflower Financial Advisors LLC now owns 4,193 shares of the company’s stock valued at $231,000 after purchasing an additional 167 shares in the last quarter. O Brien Greene & Co. Inc lifted its position in shares of Unilever by 2.7% during the second quarter. O Brien Greene & Co. Inc now owns 6,653 shares of the company’s stock valued at $366,000 after buying an additional 174 shares during the last quarter. Crewe Advisors LLC lifted its holdings in shares of Unilever by 17.3% during the 2nd quarter. Crewe Advisors LLC now owns 1,186 shares of the company’s stock valued at $65,000 after purchasing an additional 175 shares during the last quarter. Bailard Inc. increased its holdings in Unilever by 1.2% in the 2nd quarter. Bailard Inc. now owns 15,014 shares of the company’s stock worth $826,000 after buying an additional 179 shares during the period. Finally, Gallacher Capital Management LLC raised its position in Unilever by 2.5% during the 2nd quarter. Gallacher Capital Management LLC now owns 7,575 shares of the company’s stock worth $417,000 after buying an additional 182 shares during the last quarter. 9.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on UL shares. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $47.00 to $72.00 in a research note on Thursday, August 22nd. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a report on Friday, October 4th. TD Cowen initiated coverage on shares of Unilever in a research note on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price objective on the stock. Finally, UBS Group upgraded shares of Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $61.75.

Unilever Stock Performance

Shares of UL traded down $0.04 during trading hours on Thursday, hitting $63.14. 144,806 shares of the stock were exchanged, compared to its average volume of 2,637,750. The stock’s 50-day moving average price is $63.63 and its two-hundred day moving average price is $57.55. The company has a market cap of $158.05 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 1.89 and a beta of 0.48. Unilever PLC has a 12-month low of $46.16 and a 12-month high of $65.87.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 9th were paid a $0.4773 dividend. This represents a $1.91 dividend on an annualized basis and a yield of 3.02%. This is a positive change from Unilever’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, August 9th. Unilever’s dividend payout ratio (DPR) is 54.65%.

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.