Marcum Wealth LLC Has $500,000 Position in Unilever PLC (NYSE:UL)

Marcum Wealth LLC cut its stake in shares of Unilever PLC (NYSE:UL) by 5.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,100 shares of the company’s stock after selling 493 shares during the quarter. Marcum Wealth LLC’s holdings in Unilever were worth $500,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Unilever during the fourth quarter worth $151,263,000. Equity Investment Corp grew its stake in shares of Unilever by 107.1% in the first quarter. Equity Investment Corp now owns 2,910,751 shares of the company’s stock worth $146,091,000 after purchasing an additional 1,505,233 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Unilever by 3.3% in the fourth quarter. Wellington Management Group LLP now owns 34,494,131 shares of the company’s stock worth $1,672,275,000 after purchasing an additional 1,114,417 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Unilever by 9.8% in the fourth quarter. Fisher Asset Management LLC now owns 10,843,977 shares of the company’s stock worth $525,716,000 after purchasing an additional 965,173 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its holdings in Unilever by 121.3% in the fourth quarter. Corient Private Wealth LLC now owns 1,352,472 shares of the company’s stock worth $65,568,000 after buying an additional 741,363 shares during the period. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Stock Down 2.9 %

UL traded down $1.82 on Monday, reaching $60.72. The stock had a trading volume of 3,949,942 shares, compared to its average volume of 2,819,406. The business’s 50-day moving average price is $56.68 and its two-hundred day moving average price is $52.35. Unilever PLC has a 12-month low of $46.16 and a 12-month high of $62.65.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 9th will be issued a $0.4773 dividend. This represents a $1.91 annualized dividend and a yield of 3.14%. This is a positive change from Unilever’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, August 9th.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a report on Saturday. Argus boosted their target price on shares of Unilever from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Redburn Atlantic upgraded shares of Unilever from a “neutral” rating to a “buy” rating in a research note on Friday, June 7th. TD Cowen started coverage on Unilever in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price target for the company. Finally, UBS Group raised shares of Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Four research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $58.33.

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.