Barry Investment Advisors LLC Grows Stock Holdings in Unilever PLC (NYSE:UL)

Barry Investment Advisors LLC increased its position in Unilever PLC (NYSE:UL) by 0.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 115,168 shares of the company’s stock after acquiring an additional 263 shares during the period. Unilever comprises approximately 1.9% of Barry Investment Advisors LLC’s holdings, making the stock its 18th largest position. Barry Investment Advisors LLC’s holdings in Unilever were worth $5,780,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the company. Marino Stram & Associates LLC grew its position in Unilever by 2.2% in the 4th quarter. Marino Stram & Associates LLC now owns 9,963 shares of the company’s stock worth $483,000 after purchasing an additional 215 shares during the period. Pine Haven Investment Counsel Inc grew its position in Unilever by 3.7% in the 4th quarter. Pine Haven Investment Counsel Inc now owns 6,133 shares of the company’s stock worth $297,000 after purchasing an additional 216 shares during the period. Avidian Wealth Solutions LLC grew its position in Unilever by 1.0% in the 4th quarter. Avidian Wealth Solutions LLC now owns 21,616 shares of the company’s stock worth $1,048,000 after purchasing an additional 216 shares during the period. Baystate Wealth Management LLC grew its position in Unilever by 29.9% in the 4th quarter. Baystate Wealth Management LLC now owns 948 shares of the company’s stock worth $46,000 after purchasing an additional 218 shares during the period. Finally, Lido Advisors LLC grew its position in Unilever by 3.0% in the 3rd quarter. Lido Advisors LLC now owns 7,890 shares of the company’s stock worth $390,000 after purchasing an additional 229 shares during the period. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Argus lifted their target price on shares of Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Redburn Atlantic raised shares of Unilever from a “neutral” rating to a “buy” rating in a research report on Friday, June 7th. JPMorgan Chase & Co. raised shares of Unilever from an “underweight” rating to an “overweight” rating in a research report on Thursday, May 23rd. Finally, StockNews.com downgraded shares of Unilever from a “buy” rating to a “hold” rating in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $54.00.

Unilever Trading Down 0.7 %

Shares of UL stock traded down $0.36 during mid-day trading on Friday, reaching $54.99. 2,487,618 shares of the company’s stock traded hands, compared to its average volume of 2,202,291. The firm has a 50 day moving average price of $54.04 and a two-hundred day moving average price of $50.69. Unilever PLC has a 12 month low of $46.16 and a 12 month high of $56.47.

Unilever Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were issued a $0.4556 dividend. This represents a $1.82 annualized dividend and a yield of 3.31%. The ex-dividend date was Thursday, May 16th.

About Unilever

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.