Hantz Financial Services Inc. Sells 26,972 Shares of Unilever PLC (NYSE:UL)

Hantz Financial Services Inc. reduced its stake in Unilever PLC (NYSE:UL) by 29.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 63,164 shares of the company’s stock after selling 26,972 shares during the period. Hantz Financial Services Inc.’s holdings in Unilever were worth $4,103,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. ST Germain D J Co. Inc. grew its holdings in shares of Unilever by 423.8% during the second quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock valued at $29,000 after buying an additional 428 shares during the last quarter. Abich Financial Wealth Management LLC grew its holdings in shares of Unilever by 393.5% during the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock valued at $29,000 after buying an additional 425 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new position in shares of Unilever during the second quarter valued at about $30,000. Webster Bank N. A. grew its holdings in shares of Unilever by 54.3% during the second quarter. Webster Bank N. A. now owns 617 shares of the company’s stock valued at $34,000 after buying an additional 217 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Unilever during the third quarter valued at about $35,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UL has been the subject of a number of analyst reports. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $47.00 to $72.00 in a report on Thursday, August 22nd. Erste Group Bank restated a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Finally, StockNews.com cut shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $61.75.

Unilever Stock Performance

Shares of UL stock opened at $59.84 on Friday. The firm has a market cap of $148.43 billion, a price-to-earnings ratio of 17.97, a P/E/G ratio of 1.81 and a beta of 0.49. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87. The firm’s 50-day simple moving average is $61.34 and its two-hundred day simple moving average is $59.77.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be given a $0.4755 dividend. This is a positive change from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, November 8th. This represents a $1.90 annualized dividend and a yield of 3.18%. Unilever’s payout ratio is currently 56.46%.

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.