Prosperity Consulting Group LLC Cuts Holdings in Unilever PLC (NYSE:UL)

Prosperity Consulting Group LLC decreased its stake in Unilever PLC (NYSE:UL) by 18.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,302 shares of the company’s stock after selling 13,770 shares during the period. Prosperity Consulting Group LLC’s holdings in Unilever were worth $3,371,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Quadrant Capital Group LLC lifted its stake in Unilever by 10.4% during the fourth quarter. Quadrant Capital Group LLC now owns 18,507 shares of the company’s stock worth $897,000 after purchasing an additional 1,746 shares during the last quarter. Atlantic Edge Private Wealth Management LLC bought a new stake in Unilever in the 4th quarter worth approximately $118,000. New Century Financial Group LLC purchased a new stake in Unilever in the fourth quarter worth approximately $426,000. Mar Vista Investment Partners LLC grew its position in Unilever by 15.6% during the fourth quarter. Mar Vista Investment Partners LLC now owns 125,473 shares of the company’s stock valued at $6,083,000 after acquiring an additional 16,902 shares during the last quarter. Finally, BCGM Wealth Management LLC raised its stake in shares of Unilever by 4.7% during the fourth quarter. BCGM Wealth Management LLC now owns 15,827 shares of the company’s stock worth $767,000 after acquiring an additional 706 shares in the last quarter. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Trading Up 0.3 %

Shares of UL stock opened at $65.06 on Friday. Unilever PLC has a fifty-two week low of $46.16 and a fifty-two week high of $65.86. The business’s 50 day moving average price is $61.26 and its 200-day moving average price is $55.17.

Unilever Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 9th were issued a $0.4773 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.91 annualized dividend and a yield of 2.93%. This is a boost from Unilever’s previous quarterly dividend of $0.46.

Analyst Ratings Changes

A number of brokerages have recently issued reports on UL. JPMorgan Chase & Co. raised shares of Unilever from an “underweight” rating to an “overweight” rating in a research note on Thursday, May 23rd. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a research note on Saturday, August 3rd. TD Cowen began coverage on Unilever in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 target price for the company. Bank of America upgraded Unilever from an “underperform” rating to a “buy” rating and raised their price target for the stock from $47.00 to $72.00 in a research report on Thursday, August 22nd. Finally, Redburn Atlantic upgraded Unilever from a “neutral” rating to a “buy” rating in a research report on Friday, June 7th. Three investment 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 data from MarketBeat, Unilever has a consensus rating of “Hold” and an average price target of $61.75.

Unilever Company Profile

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.