Trust Point Inc. Has $223,000 Position in Unilever PLC (NYSE:UL)

Trust Point Inc. lessened its stake in shares of Unilever PLC (NYSE:UL) by 7.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,427 shares of the company’s stock after selling 284 shares during the period. Trust Point Inc.’s holdings in Unilever were worth $223,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Aaron Wealth Advisors LLC boosted its holdings in shares of Unilever by 23.4% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 16,624 shares of the company’s stock worth $1,080,000 after buying an additional 3,148 shares during the period. Claro Advisors LLC boosted its holdings in Unilever by 27.9% during the third quarter. Claro Advisors LLC now owns 9,180 shares of the company’s stock valued at $596,000 after acquiring an additional 2,005 shares during the period. Trust Co. of Vermont grew its position in shares of Unilever by 0.6% in the third quarter. Trust Co. of Vermont now owns 37,406 shares of the company’s stock valued at $2,430,000 after purchasing an additional 221 shares during the last quarter. Cardinal Capital Management increased its stake in shares of Unilever by 1.4% in the third quarter. Cardinal Capital Management now owns 39,455 shares of the company’s stock worth $2,563,000 after purchasing an additional 527 shares during the period. Finally, Bleakley Financial Group LLC lifted its position in shares of Unilever by 18.4% during the 3rd quarter. Bleakley Financial Group LLC now owns 61,107 shares of the company’s stock worth $3,970,000 after purchasing an additional 9,475 shares during the last quarter. Institutional investors own 9.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. TD Cowen initiated coverage on Unilever in a report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 target price on the stock. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $47.00 to $72.00 in a research note on Thursday, August 22nd. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research note on Friday, October 4th. Finally, UBS Group upgraded shares of Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Unilever currently has a consensus rating of “Hold” and an average price target of $61.75.

Unilever Price Performance

UL opened at $62.95 on Friday. Unilever PLC has a fifty-two week low of $46.16 and a fifty-two week high of $65.87. The company has a market capitalization of $157.57 billion, a P/E ratio of 18.30, a P/E/G ratio of 1.89 and a beta of 0.48. The firm’s fifty day moving average price is $63.71 and its two-hundred day moving average price is $57.73.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 9th were paid a $0.4773 dividend. 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 3.03%. This is a boost from Unilever’s previous quarterly dividend of $0.46. Unilever’s payout ratio is presently 54.65%.

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.