Wambolt & Associates LLC Sells 6,307 Shares of Unilever PLC (NYSE:UL)

Wambolt & Associates LLC lowered its stake in shares of Unilever PLC (NYSE:UL) by 50.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,081 shares of the company’s stock after selling 6,307 shares during the period. Wambolt & Associates LLC’s holdings in Unilever were worth $303,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in UL. Lineweaver Wealth Advisors LLC lifted its stake in Unilever by 3.8% in the first quarter. Lineweaver Wealth Advisors LLC now owns 26,730 shares of the company’s stock valued at $1,341,000 after acquiring an additional 973 shares during the last quarter. Diversify Advisory Services LLC acquired a new position in Unilever during the first quarter worth approximately $863,000. HB Wealth Management LLC raised its stake in Unilever by 5.2% in the first quarter. HB Wealth Management LLC now owns 13,702 shares of the company’s stock valued at $688,000 after buying an additional 680 shares during the period. SpiderRock Advisors LLC acquired a new stake in shares of Unilever in the first quarter valued at approximately $2,481,000. Finally, Concord Wealth Partners boosted its stake in shares of Unilever by 17.6% during the 1st quarter. Concord Wealth Partners now owns 1,647 shares of the company’s stock worth $83,000 after acquiring an additional 247 shares during the period. Institutional investors and hedge funds own 9.67% of the company’s stock.

Analyst Ratings Changes

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

Unilever Price Performance

Unilever stock traded up $0.50 during mid-day trading on Friday, reaching $55.49. 1,382,754 shares of the company were exchanged, compared to its average volume of 1,896,354. The company has a fifty day simple moving average of $54.61 and a 200-day simple moving average of $50.90. Unilever PLC has a 12 month low of $46.16 and a 12 month high of $56.47.

Unilever Cuts Dividend

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

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.