Unilever PLC (NYSE:UL) Shares Sold by Fulton Bank N.A.

Fulton Bank N.A. lowered its stake in Unilever PLC (NYSE:UL) by 63.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,498 shares of the company’s stock after selling 16,804 shares during the quarter. Fulton Bank N.A.’s holdings in Unilever were worth $522,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. International Assets Investment Management LLC grew its stake in Unilever by 3,718.5% during the 4th quarter. International Assets Investment Management LLC now owns 171,641 shares of the company’s stock valued at $8,321,000 after acquiring an additional 167,146 shares in the last quarter. Prime Capital Investment Advisors LLC lifted its holdings in shares of Unilever by 532.9% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 78,638 shares of the company’s stock valued at $3,812,000 after buying an additional 66,212 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Unilever by 5.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,125 shares of the company’s stock worth $2,382,000 after buying an additional 2,728 shares during the last quarter. Americana Partners LLC lifted its holdings in shares of Unilever by 67.6% during the fourth quarter. Americana Partners LLC now owns 31,843 shares of the company’s stock worth $1,544,000 after buying an additional 12,839 shares during the last quarter. Finally, Signet Investment Advisory Group Inc. lifted its holdings in shares of Unilever by 5.0% during the fourth quarter. Signet Investment Advisory Group Inc. now owns 29,801 shares of the company’s stock worth $1,445,000 after buying an additional 1,428 shares during the last quarter. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Analyst Upgrades and Downgrades

UL has been the topic of a number of research reports. UBS Group upgraded Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a research report on Saturday. JPMorgan Chase & Co. upgraded Unilever from an “underweight” rating to an “overweight” rating in a research report on Thursday, May 23rd. Redburn Atlantic raised Unilever from a “neutral” rating to a “buy” rating in a research note on Friday, June 7th. Finally, TD Cowen started coverage on Unilever in a research note on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Unilever has a consensus rating of “Hold” and a consensus price target of $58.33.

Unilever Stock Up 0.2 %

UL stock traded up $0.10 during mid-day trading on Wednesday, reaching $61.42. The company had a trading volume of 1,571,370 shares, compared to its average volume of 2,827,169. The stock has a 50 day simple moving average of $56.95 and a two-hundred day simple moving average of $52.55. Unilever PLC has a 52 week low of $46.16 and a 52 week high of $62.65.

Unilever Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 9th will be paid a $0.4773 dividend. This represents a $1.91 dividend on an annualized basis and a yield of 3.11%. This is an increase from Unilever’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend 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.