BCGM Wealth Management LLC Sells 942 Shares of Unilever PLC (NYSE:UL)

BCGM Wealth Management LLC lowered its holdings in shares of Unilever PLC (NYSE:UL) by 6.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 13,872 shares of the company’s stock after selling 942 shares during the period. BCGM Wealth Management LLC’s holdings in Unilever were worth $763,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Red Tortoise LLC bought a new position in shares of Unilever during the first quarter valued at about $26,000. Rise Advisors LLC bought a new stake in shares of Unilever in the 1st quarter valued at about $28,000. Quent Capital LLC purchased a new stake in Unilever during the 1st quarter valued at about $28,000. ST Germain D J Co. Inc. grew its position in Unilever by 423.8% during the 2nd quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after acquiring an additional 428 shares during the last quarter. Finally, YHB Investment Advisors Inc. purchased a new position in Unilever in the 1st quarter worth approximately $30,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Trading Down 0.4 %

UL stock opened at $64.79 on Friday. The business’s 50 day moving average price is $59.31 and its two-hundred day moving average price is $54.19. Unilever PLC has a fifty-two week low of $46.16 and a fifty-two week high of $65.17.

Unilever Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 9th will be given a dividend of $0.4773 per share. This represents a $1.91 annualized dividend and a yield of 2.95%. This is an increase from Unilever’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, August 9th.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on UL. Argus increased their price objective on Unilever from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Redburn Atlantic raised shares of Unilever from a “neutral” rating to a “buy” rating in a research report on Friday, June 7th. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research report on Saturday, August 3rd. UBS Group upgraded shares of Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Finally, Bank of America raised Unilever from an “underperform” rating to a “buy” rating and raised their target price for the stock from $47.00 to $72.00 in a research note on Thursday, August 22nd. Three analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Unilever currently has an average rating of “Hold” and a consensus target price of $61.75.

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.