Apollon Wealth Management LLC Has $2.53 Million Stock Position in Unilever PLC (NYSE:UL)

Apollon Wealth Management LLC lowered its stake in Unilever PLC (NYSE:UL) by 6.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 45,910 shares of the company’s stock after selling 3,171 shares during the quarter. Apollon Wealth Management LLC’s holdings in Unilever were worth $2,525,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. International Assets Investment Management LLC raised its stake in Unilever by 3,718.5% during the 4th quarter. International Assets Investment Management LLC now owns 171,641 shares of the company’s stock worth $8,321,000 after buying an additional 167,146 shares during the period. Lindbrook Capital LLC raised its stake in Unilever by 22.9% during the 4th quarter. Lindbrook Capital LLC now owns 7,161 shares of the company’s stock worth $347,000 after buying an additional 1,336 shares during the period. Cetera Trust Company N.A bought a new position in Unilever during the 4th quarter worth about $319,000. Duality Advisers LP bought a new position in Unilever during the 4th quarter worth about $6,628,000. Finally, Jennison Associates LLC bought a new position in Unilever during the 4th quarter worth about $8,038,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Price Performance

Shares of NYSE UL traded up $0.46 during mid-day trading on Monday, hitting $61.45. The company had a trading volume of 1,632,828 shares, compared to its average volume of 2,819,239. The firm has a 50-day simple moving average of $57.87 and a two-hundred day simple moving average of $53.27. 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 declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 9th will be issued a dividend of $0.4773 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $1.91 dividend on an annualized basis and a yield of 3.11%. This is a boost from Unilever’s previous quarterly dividend of $0.46.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on UL shares. Argus increased their target price on Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a report on Saturday, August 3rd. Redburn Atlantic upgraded Unilever from a “neutral” rating to a “buy” rating in a report on Friday, June 7th. UBS Group upgraded Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. upgraded Unilever from an “underweight” rating to an “overweight” rating in a report on Thursday, May 23rd. Four investment analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Unilever presently has a consensus rating of “Hold” and an average 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.