SkyOak Wealth LLC Lowers Holdings in Unilever PLC (NYSE:UL)

by · The Cerbat Gem

SkyOak Wealth LLC reduced its stake in shares of Unilever PLC (NYSE:UL – Free Report) by 1.3% in the 1st quarter, Holdings Channel reports. The fund owned 41,114 shares of the company’s stock after selling 527 shares during the period. SkyOak Wealth LLC’s holdings in Unilever were worth $2,448,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. VSM Wealth Advisory LLC acquired a new position in shares of Unilever in the 4th quarter valued at $28,000. Vermillion Wealth Management Inc. acquired a new stake in Unilever during the fourth quarter valued at $30,000. Murphy & Mullick Capital Management Corp purchased a new position in Unilever in the fourth quarter valued at $39,000. Accredited Wealth Management LLC acquired a new position in shares of Unilever in the fourth quarter worth about $43,000. Finally, Greenline Partners LLC purchased a new stake in shares of Unilever during the 4th quarter worth about $58,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Price Performance

Shares of Unilever stock opened at $60.76 on Friday. The stock’s 50 day simple moving average is $62.37 and its 200-day simple moving average is $59.83. The stock has a market cap of $149.14 billion, a P/E ratio of 17.41, a P/E/G ratio of 3.91 and a beta of 0.41. Unilever PLC has a 1-year low of $54.32 and a 1-year high of $65.87.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 16th were given a dividend of $0.5151 per share. This is an increase from Unilever’s previous quarterly dividend of $0.47. The ex-dividend date was Friday, May 16th. This represents a $2.06 dividend on an annualized basis and a yield of 3.39%. Unilever’s dividend payout ratio (DPR) is presently 59.03%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on UL shares. Wall Street Zen cut Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. BNP Paribas Exane started coverage on Unilever in a report on Thursday, May 29th. They issued an “outperform” rating and a $73.00 price target for the company. UBS Group raised Unilever from a “strong sell” rating to a “hold” rating in a report on Friday, May 2nd. Finally, BNP Paribas upgraded Unilever to a “strong-buy” rating in a research report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $70.67.

Get Our Latest Report on UL

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.

Read More

Want to see what other hedge funds are holding UL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unilever PLC (NYSE:UL – Free Report).