Unilever PLC (NYSE:UL) Shares Sold by tru Independence LLC

tru Independence LLC lowered its holdings in shares of Unilever PLC (NYSE:UL) by 1.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 103,887 shares of the company’s stock after selling 1,350 shares during the period. tru Independence LLC’s holdings in Unilever were worth $5,214,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of UL. Life Planning Partners Inc purchased a new stake in shares of Unilever during the fourth quarter worth approximately $27,000. Jones Financial Companies Lllp boosted its stake in shares of Unilever by 111.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 552 shares of the company’s stock worth $27,000 after acquiring an additional 291 shares in the last quarter. Rise Advisors LLC acquired a new stake in shares of Unilever in the 1st quarter worth approximately $28,000. VisionPoint Advisory Group LLC increased its stake in Unilever by 215.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock valued at $29,000 after purchasing an additional 400 shares in the last quarter. Finally, Financial Management Professionals Inc. raised its holdings in Unilever by 75.8% during the first quarter. Financial Management Professionals Inc. now owns 610 shares of the company’s stock worth $31,000 after purchasing an additional 263 shares during the last quarter. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Trading Down 0.1 %

Shares of UL stock traded down $0.05 on Tuesday, reaching $54.65. 693,621 shares of the stock were exchanged, compared to its average volume of 2,756,324. Unilever PLC has a 1-year low of $46.16 and a 1-year high of $56.47. The firm has a 50 day moving average of $54.04 and a two-hundred day moving average of $50.69.

Unilever Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were paid a $0.4556 dividend. This represents a $1.82 annualized dividend and a dividend yield of 3.33%. The ex-dividend date was Thursday, May 16th.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. upgraded Unilever from an “underweight” rating to an “overweight” rating in a research report on Thursday, May 23rd. StockNews.com cut Unilever from a “buy” rating to a “hold” rating in a report on Thursday, June 27th. Argus upped their target price on Unilever from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Finally, Redburn Atlantic raised Unilever from a “neutral” rating to a “buy” rating in a research note on Friday, June 7th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $54.00.

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.