Arlington Partners LLC Sells 2,847 Shares of Unilever PLC (NYSE:UL)

Arlington Partners LLC reduced its holdings in Unilever PLC (NYSE:UL) by 4.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 59,879 shares of the company’s stock after selling 2,847 shares during the quarter. Unilever comprises 1.6% of Arlington Partners LLC’s holdings, making the stock its 17th largest holding. Arlington Partners LLC’s holdings in Unilever were worth $3,293,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of UL. Red Tortoise LLC acquired a new stake in shares of Unilever in the 1st quarter worth about $26,000. Rise Advisors LLC acquired a new stake in shares of Unilever in the 1st quarter worth about $28,000. Quent Capital LLC acquired a new stake in shares of Unilever in the 1st quarter worth about $28,000. ST Germain D J Co. Inc. raised its holdings in shares of Unilever by 423.8% in the 2nd quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after acquiring an additional 428 shares during the last quarter. Finally, YHB Investment Advisors Inc. acquired a new stake in shares of Unilever in the 1st quarter worth about $30,000. 9.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on UL. UBS Group upgraded shares of Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and increased their price objective for the company from $47.00 to $72.00 in a research note on Thursday, August 22nd. Redburn Atlantic upgraded 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 price objective for the company. Finally, Argus increased their price objective on shares of Unilever from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $61.75.

Unilever Stock Down 0.4 %

Shares of Unilever stock traded down $0.27 on Friday, reaching $64.79. 3,097,449 shares of the company traded hands, compared to its average volume of 2,952,686. Unilever PLC has a 52 week low of $46.16 and a 52 week high of $65.17. The company has a 50 day moving average of $59.31 and a 200 day moving average of $54.19.

Unilever Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 9th will be given a dividend of $0.4773 per share. This is an increase from Unilever’s previous quarterly dividend of $0.46. This represents a $1.91 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend is Friday, August 9th.

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.