Unilever PLC (NYSE:UL) Shares Sold by Exchange Capital Management Inc.

Exchange Capital Management Inc. lowered its stake in Unilever PLC (NYSE:UL) by 1.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 15,702 shares of the company’s stock after selling 220 shares during the quarter. Exchange Capital Management Inc.’s holdings in Unilever were worth $863,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC increased 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 in the last quarter. Lindbrook Capital LLC raised its stake in Unilever by 22.9% in the 4th quarter. Lindbrook Capital LLC now owns 7,161 shares of the company’s stock valued at $347,000 after purchasing an additional 1,336 shares during the last quarter. Jennison Associates LLC purchased a new position in Unilever in the 4th quarter valued at $8,038,000. Mengis Capital Management Inc. boosted its stake in Unilever by 51.4% during the 4th quarter. Mengis Capital Management Inc. now owns 9,562 shares of the company’s stock worth $464,000 after purchasing an additional 3,245 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in Unilever by 7.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 5,964 shares of the company’s stock worth $289,000 after purchasing an additional 418 shares during the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Price Performance

UL stock traded up $0.85 during midday trading on Thursday, hitting $62.65. 1,950,349 shares of the company’s stock were exchanged, compared to its average volume of 2,794,884. Unilever PLC has a 1-year low of $46.16 and a 1-year high of $63.18. The business has a 50-day simple moving average of $58.21 and a two-hundred day simple moving average of $53.50.

Unilever Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 9th will be given a dividend of $0.4773 per share. This represents a $1.91 dividend on an annualized basis and a dividend yield of 3.05%. This is an increase from Unilever’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, August 9th.

Analysts Set New Price Targets

UL has been the topic of several research reports. Redburn Atlantic raised shares of Unilever from a “neutral” rating to a “buy” rating in a research note on Friday, June 7th. TD Cowen initiated coverage on shares of Unilever in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 target price on the stock. Bank of America upgraded Unilever from an “underperform” rating to a “buy” rating and upped their price target for the company from $47.00 to $72.00 in a research report on Thursday. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a report on Saturday, August 3rd. Finally, JPMorgan Chase & Co. raised Unilever from an “underweight” rating to an “overweight” rating in a research note on Thursday, May 23rd. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $61.75.

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.