First Bank & Trust Sells 4,599 Shares of Unilever PLC (NYSE:UL)

First Bank & Trust decreased its holdings in shares of Unilever PLC (NYSE:UL) by 14.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 27,965 shares of the company’s stock after selling 4,599 shares during the quarter. First Bank & Trust’s holdings in Unilever were worth $1,404,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in UL. Jones Financial Companies Lllp raised its holdings in shares of Unilever by 111.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 552 shares of the company’s stock worth $27,000 after buying an additional 291 shares in the last quarter. Life Planning Partners Inc acquired a new position in shares of Unilever in the 4th quarter worth approximately $27,000. Rise Advisors LLC acquired a new position in shares of Unilever in the 1st quarter worth approximately $28,000. VisionPoint Advisory Group LLC raised its holdings in shares of Unilever by 215.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock worth $29,000 after buying an additional 400 shares in the last quarter. Finally, Voisard Asset Management Group Inc. acquired a new position in shares of Unilever in the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Analyst Upgrades and Downgrades

UL has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised Unilever from an “underweight” rating to an “overweight” rating in a report on Thursday, May 23rd. Argus increased their price target on Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Redburn Atlantic upgraded Unilever from a “neutral” rating to a “buy” rating in a research report on Friday, June 7th. Finally, StockNews.com lowered Unilever from a “buy” rating to a “hold” rating in a research report on Thursday. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Unilever has a consensus rating of “Hold” and an average target price of $54.00.

Unilever Stock Down 0.7 %

UL traded down $0.36 during mid-day trading on Friday, reaching $54.99. The stock had a trading volume of 2,487,618 shares, compared to its average volume of 2,202,291. The firm’s fifty day simple moving average is $54.04 and its two-hundred day simple moving average is $50.67. Unilever PLC has a 52 week low of $46.16 and a 52 week high of $56.47.

Unilever Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Shareholders 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 yield of 3.31%.

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.