Unilever PLC (NYSE:UL) Shares Sold by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp reduced its stake in Unilever PLC (NYSE:UL) by 11.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,099 shares of the company’s stock after selling 655 shares during the period. Atlantic Union Bankshares Corp’s holdings in Unilever were worth $331,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Fisher Asset Management LLC increased its holdings in shares of Unilever by 7.1% in the 3rd quarter. Fisher Asset Management LLC now owns 16,726,400 shares of the company’s stock worth $1,086,547,000 after acquiring an additional 1,114,177 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Unilever by 26.2% during the second quarter. Dimensional Fund Advisors LP now owns 4,384,944 shares of the company’s stock valued at $241,145,000 after purchasing an additional 911,443 shares during the period. Saratoga Research & Investment Management lifted its stake in shares of Unilever by 0.8% in the 2nd quarter. Saratoga Research & Investment Management now owns 2,767,207 shares of the company’s stock worth $152,169,000 after acquiring an additional 22,325 shares during the period. Hamlin Capital Management LLC boosted its holdings in shares of Unilever by 7.9% in the third quarter. Hamlin Capital Management LLC now owns 2,667,380 shares of the company’s stock valued at $173,273,000 after acquiring an additional 194,165 shares in the last quarter. Finally, Fiera Capital Corp increased its stake in shares of Unilever by 1,866.0% during the second quarter. Fiera Capital Corp now owns 2,135,859 shares of the company’s stock valued at $117,451,000 after acquiring an additional 2,027,221 shares during the period. 9.67% of the stock is owned by institutional investors.

Unilever Stock Performance

Shares of NYSE UL opened at $59.84 on Friday. The stock has a market cap of $148.43 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 1.81 and a beta of 0.49. The business has a 50 day simple moving average of $61.34 and a 200 day simple moving average of $59.77. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.4755 per share. 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 dividend yield of 3.18%. Unilever’s dividend payout ratio is 56.46%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on UL shares. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $47.00 to $72.00 in a research report on Thursday, August 22nd. Erste Group Bank reissued a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Finally, StockNews.com downgraded shares of Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $61.75.

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.