Wilmington Savings Fund Society FSB Sells 6,942 Shares of Unilever PLC $UL

by · The Cerbat Gem

Wilmington Savings Fund Society FSB lessened its holdings in Unilever PLC (NYSE:UL – Free Report) by 5.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 123,413 shares of the company’s stock after selling 6,942 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Unilever were worth $7,549,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of UL. N.E.W. Advisory Services LLC bought a new stake in shares of Unilever in the first quarter valued at about $30,000. Brentview Investment Management LLC bought a new stake in Unilever during the first quarter worth about $33,000. Richardson Financial Services Inc. lifted its position in Unilever by 209.0% during the first quarter. Richardson Financial Services Inc. now owns 618 shares of the company’s stock worth $37,000 after purchasing an additional 418 shares during the period. Financial Connections Group Inc. bought a new stake in Unilever during the second quarter worth about $39,000. Finally, Marshall & Sullivan Inc. WA bought a new stake in Unilever during the second quarter worth about $55,000. Institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

Unilever stock opened at $60.11 on Tuesday. The business has a 50 day moving average of $61.43 and a 200-day moving average of $61.65. Unilever PLC has a 1 year low of $54.32 and a 1 year high of $65.66. The company has a market capitalization of $147.49 billion, a P/E ratio of 17.22, a P/E/G ratio of 4.53 and a beta of 0.40.

Unilever Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 15th were paid a $0.5175 dividend. This is an increase from Unilever’s previous quarterly dividend of $0.52. This represents a $2.07 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, August 15th. Unilever’s payout ratio is currently 59.31%.

Analyst Upgrades and Downgrades

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

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Unilever Profile

(Free Report)

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.

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