Unilever PLC (NYSE:UL) Shares Sold by Abbrea Capital LLC

Abbrea Capital LLC lowered its position in Unilever PLC (NYSE:UL) by 9.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 6,830 shares of the company’s stock after selling 685 shares during the quarter. Abbrea Capital LLC’s holdings in Unilever were worth $376,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Allen Wealth Management LLC acquired a new position in shares of Unilever during the fourth quarter valued at approximately $2,415,000. Diversify Advisory Services LLC acquired a new position in shares of Unilever during the first quarter valued at approximately $863,000. Virtu Financial LLC acquired a new position in shares of Unilever during the fourth quarter valued at approximately $867,000. First Trust Advisors LP increased its stake in shares of Unilever by 6.6% during the fourth quarter. First Trust Advisors LP now owns 1,452,545 shares of the company’s stock valued at $70,419,000 after acquiring an additional 90,245 shares during the period. Finally, Empowered Funds LLC acquired a new position in shares of Unilever during the first quarter valued at approximately $684,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Stock Up 0.3 %

Unilever stock opened at $65.06 on Friday. The company has a 50 day moving average price of $61.26 and a 200 day moving average price of $55.17. Unilever PLC has a 52 week low of $46.16 and a 52 week high of $65.86.

Unilever Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 9th were paid a $0.4773 dividend. This is a positive change from Unilever’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.91 dividend on an annualized basis and a yield of 2.93%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on UL shares. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research note on Saturday, August 3rd. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $47.00 to $72.00 in a research report on Thursday, August 22nd. JPMorgan Chase & Co. upgraded shares of Unilever from an “underweight” rating to an “overweight” rating in a research report on Thursday, May 23rd. Redburn Atlantic upgraded shares of Unilever from a “neutral” rating to a “buy” rating in a research report on Friday, June 7th. Finally, TD Cowen assumed coverage on shares of Unilever in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price target on the stock. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $61.75.

Unilever Company 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.