Kennon Green & Company LLC Sells 585 Shares of Unilever PLC $UL

Kennon Green & Company LLC decreased its holdings in shares of Unilever PLC (NYSE:UL) by 1.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,349 shares of the company’s stock after selling 585 shares during the quarter. Unilever comprises about 2.3% of Kennon Green & Company LLC’s investment portfolio, making the stock its 17th largest position. Kennon Green & Company LLC’s holdings in Unilever were worth $2,850,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. N.E.W. Advisory Services LLC purchased a new stake in shares of Unilever during the 1st quarter valued at about $30,000. Brentview Investment Management LLC bought a new stake in Unilever during the first quarter worth approximately $33,000. Richardson Financial Services Inc. raised its position in Unilever by 209.0% during the first quarter. Richardson Financial Services Inc. now owns 618 shares of the company’s stock valued at $37,000 after purchasing an additional 418 shares during the period. Financial Connections Group Inc. bought a new stake in shares of Unilever in the 2nd quarter valued at approximately $39,000. Finally, Marshall & Sullivan Inc. WA bought a new stake in shares of Unilever in the 2nd quarter valued at approximately $55,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on UL. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a research report on Sunday, August 3rd. Zacks Research upgraded shares of Unilever from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Unilever in a research note on Wednesday, October 8th. Finally, CICC Research started coverage on Unilever in a report on Thursday, August 21st. They issued an “outperform” rating on the stock. Three analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Unilever currently has an average rating of “Moderate Buy” and a consensus price target of $73.00.

Unilever Price Performance

Shares of UL stock opened at $61.00 on Wednesday. The company has a market capitalization of $149.68 billion, a P/E ratio of 17.48, a P/E/G ratio of 4.50 and a beta of 0.40. The company’s 50-day simple moving average is $61.45 and its two-hundred day simple moving average is $61.65. Unilever PLC has a one year low of $54.32 and a one year high of $65.66.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 15th were given a dividend of $0.5175 per share. This is a boost from Unilever’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.07 dividend on an annualized basis and a yield of 3.4%. Unilever’s dividend payout ratio is presently 59.31%.

Unilever 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.