Pavion Blue Capital LLC Lowers Stock Holdings in Unilever PLC (NYSE:UL)

Pavion Blue Capital LLC reduced its position in Unilever PLC (NYSE:UL) by 0.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 45,755 shares of the company’s stock after selling 250 shares during the period. Unilever comprises approximately 1.4% of Pavion Blue Capital LLC’s holdings, making the stock its 21st biggest holding. Pavion Blue Capital LLC’s holdings in Unilever were worth $2,972,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UL. Financial Management Professionals Inc. grew its stake in Unilever by 75.8% in the 1st quarter. Financial Management Professionals Inc. now owns 610 shares of the company’s stock worth $31,000 after acquiring an additional 263 shares during the period. Cornerstone Wealth Group LLC purchased a new stake in Unilever in the 1st quarter worth approximately $337,000. Sandy Cove Advisors LLC grew its stake in shares of Unilever by 5.3% during the 1st quarter. Sandy Cove Advisors LLC now owns 10,720 shares of the company’s stock valued at $538,000 after buying an additional 540 shares during the period. Optas LLC grew its stake in shares of Unilever by 8.8% during the 1st quarter. Optas LLC now owns 5,389 shares of the company’s stock valued at $270,000 after buying an additional 438 shares during the period. Finally, Breakwater Capital Group grew its stake in shares of Unilever by 7.6% during the 1st quarter. Breakwater Capital Group now owns 7,065 shares of the company’s stock valued at $355,000 after buying an additional 500 shares during the period. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Trading Down 1.0 %

NYSE:UL opened at $61.69 on Friday. The firm has a market capitalization of $154.42 billion, a price-to-earnings ratio of 18.25, a PEG ratio of 1.86 and a beta of 0.48. The firm’s fifty day simple moving average is $63.79 and its 200 day simple moving average is $58.04. Unilever PLC has a twelve month low of $46.16 and a twelve month high of $65.87.

Unilever Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 8th will be issued a dividend of $0.4755 per share. This is a positive change from Unilever’s previous dividend of $0.35. The ex-dividend date of this dividend is Friday, November 8th. Unilever’s payout ratio is presently 55.62%.

Wall Street Analysts Forecast Growth

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