Cohen Investment Advisors LLC Cuts Stock Position in Unilever PLC (NYSE:UL)

Cohen Investment Advisors LLC trimmed its stake in shares of Unilever PLC (NYSE:UL) by 2.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,600 shares of the company’s stock after selling 216 shares during the period. Cohen Investment Advisors LLC’s holdings in Unilever were worth $381,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of UL. Red Tortoise LLC purchased a new position in Unilever in the 1st quarter valued at $26,000. Life Planning Partners Inc purchased a new position in shares of Unilever in the fourth quarter worth about $27,000. Rise Advisors LLC acquired a new position in Unilever during the first quarter worth about $28,000. VisionPoint Advisory Group LLC boosted its position in Unilever by 215.1% during the third quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock worth $29,000 after acquiring an additional 400 shares during the last quarter. Finally, Voisard Asset Management Group Inc. purchased a new stake in Unilever during the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

UL has been the topic of several recent research reports. Redburn Atlantic upgraded Unilever from a “neutral” rating to a “buy” rating in a report on Friday, June 7th. JPMorgan Chase & Co. raised Unilever from an “underweight” rating to an “overweight” rating in a research note on Thursday, May 23rd. StockNews.com cut Unilever from a “buy” rating to a “hold” rating in a report on Thursday, June 27th. Finally, Argus lifted their price target on Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Unilever has an average rating of “Hold” and an average price target of $54.00.

Unilever Trading Up 0.3 %

Unilever stock traded up $0.17 during mid-day trading on Thursday, hitting $54.99. The company’s stock had a trading volume of 921,672 shares, compared to its average volume of 2,062,526. Unilever PLC has a 1 year low of $46.16 and a 1 year high of $56.47. The stock’s fifty day moving average is $54.44 and its two-hundred day moving average is $50.82.

Unilever Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were issued a dividend of $0.4556 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend was Thursday, May 16th.

About Unilever

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.