Naviter Wealth LLC Raises Stock Position in Unilever PLC (NYSE:UL)

Naviter Wealth LLC raised its holdings in Unilever PLC (NYSE:UL) by 36.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 56,499 shares of the company’s stock after purchasing an additional 15,112 shares during the quarter. Naviter Wealth LLC’s holdings in Unilever were worth $2,836,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Marino Stram & Associates LLC increased its holdings in Unilever by 2.2% in the 4th quarter. Marino Stram & Associates LLC now owns 9,963 shares of the company’s stock worth $483,000 after acquiring an additional 215 shares in the last quarter. Pine Haven Investment Counsel Inc lifted its stake in Unilever by 3.7% in the 4th quarter. Pine Haven Investment Counsel Inc now owns 6,133 shares of the company’s stock valued at $297,000 after buying an additional 216 shares in the last quarter. Avidian Wealth Solutions LLC boosted its holdings in Unilever by 1.0% in the 4th quarter. Avidian Wealth Solutions LLC now owns 21,616 shares of the company’s stock worth $1,048,000 after buying an additional 216 shares during the last quarter. Baystate Wealth Management LLC increased its stake in Unilever by 29.9% during the 4th quarter. Baystate Wealth Management LLC now owns 948 shares of the company’s stock worth $46,000 after buying an additional 218 shares in the last quarter. Finally, Lido Advisors LLC raised its holdings in shares of Unilever by 3.0% during the third quarter. Lido Advisors LLC now owns 7,890 shares of the company’s stock valued at $390,000 after acquiring an additional 229 shares during the last quarter. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Stock Performance

NYSE UL traded up $0.13 on Tuesday, reaching $54.84. 1,673,762 shares of the company were exchanged, compared to its average volume of 2,764,103. The business’s fifty day moving average price is $54.17 and its 200 day moving average price is $50.74. Unilever PLC has a fifty-two week low of $46.16 and a fifty-two week high of $56.47.

Unilever Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were issued a $0.4556 dividend. The ex-dividend date was Thursday, May 16th. This represents a $1.82 annualized dividend and a yield of 3.32%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Redburn Atlantic raised Unilever from a “neutral” rating to a “buy” rating in a research note on Friday, June 7th. Argus lifted their target price on shares of Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. JPMorgan Chase & Co. upgraded shares of Unilever from an “underweight” rating to an “overweight” rating in a research report on Thursday, May 23rd. Finally, StockNews.com downgraded shares of Unilever from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $54.00.

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.