Sequoia Financial Advisors LLC Sells 10,345 Shares of Unilever PLC (NYSE:UL)

Sequoia Financial Advisors LLC cut its stake in shares of Unilever PLC (NYSE:UL) by 7.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,539 shares of the company’s stock after selling 10,345 shares during the period. Sequoia Financial Advisors LLC’s holdings in Unilever were worth $6,853,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Marino Stram & Associates LLC lifted its stake in Unilever by 2.2% during the 4th quarter. Marino Stram & Associates LLC now owns 9,963 shares of the company’s stock valued at $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% during the 4th quarter. Pine Haven Investment Counsel Inc now owns 6,133 shares of the company’s stock valued at $297,000 after acquiring an additional 216 shares in the last quarter. Avidian Wealth Solutions LLC lifted its stake in Unilever by 1.0% during the 4th quarter. Avidian Wealth Solutions LLC now owns 21,616 shares of the company’s stock valued at $1,048,000 after acquiring an additional 216 shares in the last quarter. Baystate Wealth Management LLC increased its position in shares of Unilever by 29.9% during the 4th quarter. Baystate Wealth Management LLC now owns 948 shares of the company’s stock valued at $46,000 after purchasing an additional 218 shares during the last quarter. Finally, Lido Advisors LLC increased its position in shares of Unilever by 3.0% during the 3rd quarter. Lido Advisors LLC now owns 7,890 shares of the company’s stock valued at $390,000 after purchasing an additional 229 shares during the last quarter. 9.67% of the stock is currently owned by institutional investors.

Unilever Trading Up 0.9 %

UL traded up $0.50 during trading hours on Friday, hitting $55.49. The stock had a trading volume of 1,382,754 shares, compared to its average volume of 1,896,354. The company’s fifty day simple moving average is $54.61 and its 200 day simple moving average is $50.90. Unilever PLC has a 1 year low of $46.16 and a 1 year high of $56.47.

Unilever Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were issued a dividend of $0.4556 per share. This represents a $1.82 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date was Thursday, May 16th.

Wall Street Analyst Weigh In

UL has been the subject of several research analyst reports. Argus raised their target price on Unilever from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. JPMorgan Chase & Co. raised Unilever from an “underweight” rating to an “overweight” rating in a research report on Thursday, May 23rd. Redburn Atlantic raised 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, June 27th. Three 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. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $54.00.

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.