Transcend Capital Advisors LLC Purchases 5,208 Shares of Unilever PLC (NYSE:UL)

Transcend Capital Advisors LLC increased its holdings in shares of Unilever PLC (NYSE:UL) by 59.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 14,040 shares of the company’s stock after acquiring an additional 5,208 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Unilever were worth $772,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of UL. Red Tortoise LLC acquired a new position in Unilever in the first quarter valued at $26,000. Rise Advisors LLC acquired a new position in shares of Unilever in the 1st quarter valued at about $28,000. Quent Capital LLC acquired a new stake in Unilever during the first quarter worth approximately $28,000. YHB Investment Advisors Inc. acquired a new position in Unilever in the first quarter valued at approximately $30,000. Finally, Voisard Asset Management Group Inc. bought a new position in shares of Unilever during the 4th quarter worth approximately $31,000. 9.67% of the stock is owned by institutional investors.

Unilever Price Performance

NYSE:UL traded down $1.92 during trading hours on Monday, hitting $60.62. 1,947,281 shares of the company traded hands, compared to its average volume of 2,805,965. The firm’s 50-day simple moving average is $56.68 and its 200-day simple moving average is $52.35. Unilever PLC has a one year low of $46.16 and a one year high of $62.65.

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. This represents a $1.91 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend is Friday, August 9th. This is an increase from Unilever’s previous quarterly dividend of $0.46.

Analyst Upgrades and Downgrades

A number of research firms have commented on UL. UBS Group upgraded shares of Unilever to a “strong sell” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. raised Unilever from an “underweight” rating to an “overweight” rating in a research report on Thursday, May 23rd. Redburn Atlantic upgraded Unilever from a “neutral” rating to a “buy” rating in a report on Friday, June 7th. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Argus upped their target price on Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Four 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 MarketBeat.com, Unilever has an average rating of “Hold” and a consensus price target of $58.33.

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.