Courier Capital LLC Lowers Position in Unilever PLC (NYSE:UL)

Courier Capital LLC reduced its stake in Unilever PLC (NYSE:UL) by 2.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 64,219 shares of the company’s stock after selling 1,346 shares during the quarter. Courier Capital LLC’s holdings in Unilever were worth $3,223,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Jones Financial Companies Lllp grew its stake in Unilever by 111.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 552 shares of the company’s stock valued at $27,000 after purchasing an additional 291 shares during the period. Life Planning Partners Inc bought a new position in Unilever in the 4th quarter valued at $27,000. Rise Advisors LLC bought a new position in Unilever in the 1st quarter valued at $28,000. VisionPoint Advisory Group LLC grew its stake in Unilever by 215.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock valued at $29,000 after purchasing an additional 400 shares during the period. Finally, Voisard Asset Management Group Inc. bought a new position in Unilever in the 4th quarter valued at $31,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. upgraded Unilever from an “underweight” rating to an “overweight” rating in a research note on Thursday, May 23rd. StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a research note on Thursday. Argus upped 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. Finally, Redburn Atlantic upgraded Unilever from a “neutral” rating to a “buy” rating in a research note on Friday, June 7th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Unilever presently has an average rating of “Hold” and an average price target of $54.00.

Unilever Price Performance

Shares of UL stock traded down $0.36 during trading hours on Friday, reaching $54.99. The company’s stock had a trading volume of 2,486,984 shares, compared to its average volume of 2,775,991. Unilever PLC has a one year low of $46.16 and a one year high of $56.47. The firm’s fifty day simple moving average is $53.71 and its 200 day simple moving average is $50.56.

Unilever Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were given a $0.4556 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.31%.

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.