Advisors Management Group Inc. ADV Lowers Stake in Unilever PLC (NYSE:UL)

Advisors Management Group Inc. ADV reduced its position in Unilever PLC (NYSE:UL) by 13.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,586 shares of the company’s stock after selling 8,698 shares during the period. Advisors Management Group Inc. ADV’s holdings in Unilever were worth $3,002,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Red Tortoise LLC acquired a new stake in Unilever in the first quarter valued at approximately $26,000. Rise Advisors LLC acquired a new stake in shares of Unilever during the first quarter worth $28,000. Quent Capital LLC bought a new position in Unilever in the first quarter worth about $28,000. ST Germain D J Co. Inc. boosted its position in Unilever by 423.8% during the 2nd quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock valued at $29,000 after purchasing an additional 428 shares during the period. Finally, YHB Investment Advisors Inc. bought a new stake in Unilever in the 1st quarter valued at about $30,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Stock Performance

Shares of NYSE:UL traded down $0.27 during midday trading on Friday, reaching $64.79. The company had a trading volume of 3,097,449 shares, compared to its average volume of 2,818,464. The company has a fifty day simple moving average of $59.31 and a two-hundred day simple moving average of $54.16. The firm has a market cap of $162.18 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 1.92 and a beta of 0.46. Unilever PLC has a 1-year low of $46.16 and a 1-year high of $65.17.

Unilever Increases Dividend

The company 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 $0.4773 dividend. This represents a $1.91 annualized dividend and a dividend yield of 2.95%. This is a boost from Unilever’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, August 9th. Unilever’s dividend payout ratio (DPR) is presently 54.97%.

Wall Street Analysts Forecast Growth

UL has been the topic of a number of research analyst reports. Bank of America raised Unilever from an “underperform” rating to a “buy” rating and raised their price target for the company from $47.00 to $72.00 in a report on Thursday, August 22nd. Argus upped their price target on shares of Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a report on Saturday, August 3rd. TD Cowen initiated coverage on Unilever in a report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 target price on the stock. Finally, UBS Group upgraded shares of Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. Three analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target 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.