Wescott Financial Advisory Group LLC Sells 1,200 Shares of Unilever PLC (NYSE:UL)

Wescott Financial Advisory Group LLC lessened its position in shares of Unilever PLC (NYSE:UL) by 11.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,032 shares of the company’s stock after selling 1,200 shares during the period. Wescott Financial Advisory Group LLC’s holdings in Unilever were worth $587,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. boosted its stake in shares of Unilever by 423.8% during the 2nd quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after buying an additional 428 shares during the last quarter. Abich Financial Wealth Management LLC boosted its stake in shares of Unilever by 393.5% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock worth $29,000 after buying an additional 425 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new position in shares of Unilever during the 2nd quarter worth about $30,000. Webster Bank N. A. boosted its stake in shares of Unilever by 54.3% during the 2nd quarter. Webster Bank N. A. now owns 617 shares of the company’s stock worth $34,000 after buying an additional 217 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Unilever during the 3rd quarter worth about $35,000. Institutional investors own 9.67% of the company’s stock.

Unilever Trading Up 1.7 %

Shares of NYSE:UL opened at $58.61 on Friday. Unilever PLC has a 52-week low of $46.46 and a 52-week high of $65.87. The company has a 50-day simple moving average of $61.86 and a 200 day simple moving average of $59.60.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be given a dividend of $0.4755 per share. The ex-dividend date of this dividend is Friday, November 8th. This is an increase from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 annualized dividend and a yield of 3.25%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $47.00 to $72.00 in a research note on Thursday, August 22nd. StockNews.com downgraded shares of Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Erste Group Bank restated a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Finally, UBS Group upgraded shares of Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average 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.