Sound Income Strategies LLC Has $6.43 Million Stock Position in Unilever PLC (NYSE:UL)

Sound Income Strategies LLC cut its stake in Unilever PLC (NYSE:UL) by 46.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 99,006 shares of the company’s stock after selling 85,488 shares during the quarter. Sound Income Strategies LLC’s holdings in Unilever were worth $6,431,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Voisard Asset Management Group Inc. purchased a new position in shares of Unilever in the fourth quarter worth about $31,000. V Square Quantitative Management LLC bought a new position in Unilever in the 4th quarter valued at approximately $270,000. Virtu Financial LLC bought a new position in Unilever in the 4th quarter valued at approximately $867,000. Wellington Management Group LLP lifted its holdings in shares of Unilever by 3.3% during the 4th quarter. Wellington Management Group LLP now owns 34,494,131 shares of the company’s stock valued at $1,672,275,000 after buying an additional 1,114,417 shares during the period. Finally, Greenwood Capital Associates LLC lifted its holdings in shares of Unilever by 1.5% during the 4th quarter. Greenwood Capital Associates LLC now owns 19,507 shares of the company’s stock valued at $946,000 after buying an additional 287 shares during the period. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Stock Performance

UL traded up $0.39 during midday trading on Friday, reaching $62.79. 997,066 shares of the company’s stock were exchanged, compared to its average volume of 1,649,135. Unilever PLC has a 1-year low of $46.16 and a 1-year high of $65.87. The business’s 50-day moving average price is $63.50 and its 200 day moving average price is $57.28.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 9th were given a dividend of $0.4773 per share. This is a boost from Unilever’s previous quarterly dividend of $0.46. This represents a $1.91 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend was Friday, August 9th.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Bank of America upgraded Unilever from an “underperform” rating to a “buy” rating and raised their price objective for the company from $47.00 to $72.00 in a research report on Thursday, August 22nd. UBS Group raised shares of Unilever to a “strong sell” rating in a report on Tuesday, July 30th. TD Cowen initiated coverage on shares of Unilever in a report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price target on the stock. Finally, StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a report on Friday, October 4th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $61.75.

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.