Boston Mountain Money Management Inc. Cuts Stock Holdings in Unilever PLC (NYSE:UL)

Boston Mountain Money Management Inc. cut its stake in shares of Unilever PLC (NYSE:UL) by 13.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 4,029 shares of the company’s stock after selling 640 shares during the period. Boston Mountain Money Management Inc.’s holdings in Unilever were worth $222,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP lifted its position in shares of Unilever by 3.3% during the fourth quarter. Wellington Management Group LLP now owns 34,494,131 shares of the company’s stock valued at $1,672,275,000 after purchasing an additional 1,114,417 shares in the last quarter. Fisher Asset Management LLC increased its stake in Unilever by 9.8% in the 4th quarter. Fisher Asset Management LLC now owns 10,843,977 shares of the company’s stock valued at $525,716,000 after buying an additional 965,173 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Unilever by 5.3% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 6,548,241 shares of the company’s stock worth $317,459,000 after buying an additional 329,705 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of Unilever by 19.3% in the 1st quarter. Lazard Asset Management LLC now owns 4,132,640 shares of the company’s stock worth $207,416,000 after buying an additional 668,913 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Unilever in the fourth quarter valued at approximately $151,263,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. UBS Group upgraded Unilever to a “strong sell” rating in a report on Tuesday, July 30th. TD Cowen initiated coverage on shares of Unilever in a report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price target on the stock. Argus increased their price target on shares of Unilever from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Redburn Atlantic raised shares of Unilever from a “neutral” rating to a “buy” rating in a research report on Friday, June 7th. Finally, StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a research report on Saturday, August 3rd. Four investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Unilever currently has an average rating of “Hold” and an average target price of $58.33.

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. Unilever PLC has a 1 year low of $46.16 and a 1 year high of $62.65. The stock’s 50-day moving average price is $57.87 and its 200-day moving average price is $53.27.

Unilever Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 9th will be issued a dividend of $0.4773 per share. This represents a $1.91 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Friday, August 9th. This is a positive change from Unilever’s previous quarterly dividend of $0.46.

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.