Unilever PLC $UL Shares Sold by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC cut its position in Unilever PLC (NYSE:UL) by 12.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,893 shares of the company’s stock after selling 1,362 shares during the period. Quotient Wealth Partners LLC’s holdings in Unilever were worth $605,000 as of its most recent filing with the Securities and Exchange Commission.

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

Unilever Stock Performance

Shares of Unilever stock opened at $63.18 on Friday. The company has a market capitalization of $155.03 billion, a P/E ratio of 18.10, a PEG ratio of 4.75 and a beta of 0.40. Unilever PLC has a 1 year low of $54.32 and a 1 year high of $65.66. The company’s fifty day moving average is $61.51 and its two-hundred day moving average is $61.70.

Unilever Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 15th were paid a $0.5175 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.07 annualized dividend and a yield of 3.3%. This is an increase from Unilever’s previous quarterly dividend of $0.52. Unilever’s dividend payout ratio is presently 59.31%.

Analysts Set New Price Targets

UL has been the topic of several recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Unilever in a research note on Wednesday, October 8th. Zacks Research downgraded shares of Unilever from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a research note on Sunday, August 3rd. Finally, CICC Research started coverage on shares of Unilever in a research note on Thursday, August 21st. They issued an “outperform” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

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.