Unilever PLC (NYSE:UL) Shares Sold by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC lessened its position in Unilever PLC (NYSE:UL) by 7.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,696 shares of the company’s stock after selling 4,432 shares during the period. Anchor Capital Advisors LLC’s holdings in Unilever were worth $2,595,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Red Tortoise LLC acquired a new position in Unilever during the first quarter worth approximately $26,000. Life Planning Partners Inc acquired a new position in Unilever during the fourth quarter worth approximately $27,000. Quent Capital LLC acquired a new position in Unilever during the first quarter worth approximately $28,000. Rise Advisors LLC acquired a new position in Unilever during the first quarter worth approximately $28,000. Finally, VisionPoint Advisory Group LLC grew its stake in Unilever by 215.1% during the third quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock worth $29,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on UL. Argus boosted their price objective on shares of Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. StockNews.com downgraded shares of Unilever from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. JPMorgan Chase & Co. upgraded shares of Unilever from an “underweight” rating to an “overweight” rating in a research note on Thursday, May 23rd. Finally, Redburn Atlantic upgraded shares of Unilever from a “neutral” rating to a “buy” rating in a research note on Friday, June 7th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Unilever presently has a consensus rating of “Hold” and an average price target of $54.00.

Unilever Stock Down 1.1 %

Shares of UL stock traded down $0.66 during trading hours on Monday, reaching $56.95. The stock had a trading volume of 1,335,852 shares, compared to its average volume of 2,727,593. Unilever PLC has a twelve month low of $46.16 and a twelve month high of $57.83. The firm has a 50-day simple moving average of $55.07 and a 200-day simple moving average of $51.24.

Unilever Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were given a $0.4556 dividend. This represents a $1.82 annualized dividend and a dividend yield of 3.20%. The ex-dividend date was Thursday, May 16th.

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.