Freestone Capital Holdings LLC Has $301,000 Stock Holdings in Unilever PLC (NYSE:UL)

Freestone Capital Holdings LLC lessened its holdings in Unilever PLC (NYSE:UL) by 23.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,002 shares of the company’s stock after selling 1,806 shares during the period. Freestone Capital Holdings LLC’s holdings in Unilever were worth $301,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in UL. Red Tortoise LLC acquired a new position in Unilever in the first quarter worth about $26,000. Life Planning Partners Inc acquired a new stake in shares of Unilever during the fourth quarter worth approximately $27,000. Rise Advisors LLC acquired a new stake in shares of Unilever during the first quarter worth approximately $28,000. Quent Capital LLC acquired a new stake in shares of Unilever during the first quarter worth approximately $28,000. Finally, YHB Investment Advisors Inc. acquired a new stake in shares of Unilever during the first quarter worth approximately $30,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Unilever from an “underweight” rating to an “overweight” rating in a report on Thursday, May 23rd. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. Argus raised their price objective on shares of Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Redburn Atlantic raised shares of Unilever from a “neutral” rating to a “buy” rating in a report on Friday, June 7th. Finally, TD Cowen began coverage on shares of Unilever in a research note on Tuesday. They set a “buy” rating and a $67.00 price target on the stock. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Unilever presently has a consensus rating of “Hold” and an average price target of $58.33.

Unilever Price Performance

Shares of UL traded up $1.65 during mid-day trading on Friday, hitting $60.73. 8,462,574 shares of the company traded hands, compared to its average volume of 2,458,220. Unilever PLC has a one year low of $46.16 and a one year high of $60.89. The business has a 50-day moving average of $55.96 and a 200 day moving average of $51.86.

Unilever Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 9th will be paid a $0.4773 dividend. The ex-dividend date of this dividend is Friday, August 9th. This is a boost from Unilever’s previous quarterly dividend of $0.46. This represents a $1.91 dividend on an annualized basis and a yield of 3.14%.

Unilever Company 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.