Apollon Wealth Management LLC Has $2.53 Million Stock Holdings in Unilever PLC (NYSE:UL)

Apollon Wealth Management LLC decreased its holdings in shares of Unilever PLC (NYSE:UL) by 15.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,979 shares of the company’s stock after selling 6,931 shares during the quarter. Apollon Wealth Management LLC’s holdings in Unilever were worth $2,532,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. ST Germain D J Co. Inc. increased its holdings in shares of Unilever by 423.8% during the 2nd quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after purchasing an additional 428 shares during the period. Abich Financial Wealth Management LLC grew its position in Unilever by 393.5% during the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock worth $29,000 after buying an additional 425 shares in the last quarter. 1620 Investment Advisors Inc. bought a new position in Unilever during the second quarter valued at about $30,000. Webster Bank N. A. raised its holdings in Unilever by 54.3% in the 2nd quarter. Webster Bank N. A. now owns 617 shares of the company’s stock valued at $34,000 after acquiring an additional 217 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Unilever in the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Wall Street Analysts Forecast Growth

UL has been the topic of a number of research reports. StockNews.com cut Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and increased their price objective for the company from $47.00 to $72.00 in a research note on Thursday, August 22nd. TD Cowen assumed coverage on shares of Unilever in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 target price on the stock. Finally, UBS Group raised shares of Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $61.75.

Unilever Stock Down 0.3 %

Shares of UL stock opened at $57.39 on Thursday. The company has a market capitalization of $142.87 billion, a P/E ratio of 16.98, a P/E/G ratio of 1.74 and a beta of 0.49. Unilever PLC has a 12-month low of $46.46 and a 12-month high of $65.87. The firm has a 50-day moving average price of $63.06 and a 200 day moving average price of $59.33.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be paid a $0.4755 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.31%. This is a boost from Unilever’s previous quarterly dividend of $0.35. Unilever’s payout ratio is 55.62%.

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.