Fulton Bank N.A. Trims Holdings in Unilever PLC (NYSE:UL)

Fulton Bank N.A. lessened its holdings in shares of Unilever PLC (NYSE:UL) by 63.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,498 shares of the company’s stock after selling 16,804 shares during the period. Fulton Bank N.A.’s holdings in Unilever were worth $522,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Marino Stram & Associates LLC increased its position in shares of Unilever by 2.2% during the fourth quarter. Marino Stram & Associates LLC now owns 9,963 shares of the company’s stock worth $483,000 after acquiring an additional 215 shares during the period. Avidian Wealth Solutions LLC increased its holdings in Unilever by 1.0% during the fourth quarter. Avidian Wealth Solutions LLC now owns 21,616 shares of the company’s stock valued at $1,048,000 after buying an additional 216 shares during the period. Baystate Wealth Management LLC increased its holdings in Unilever by 29.9% during the fourth quarter. Baystate Wealth Management LLC now owns 948 shares of the company’s stock valued at $46,000 after buying an additional 218 shares during the period. FinTrust Capital Advisors LLC increased its holdings in Unilever by 6.7% during the fourth quarter. FinTrust Capital Advisors LLC now owns 3,708 shares of the company’s stock valued at $180,000 after buying an additional 232 shares during the period. Finally, Cardinal Capital Management increased its holdings in Unilever by 0.7% during the fourth quarter. Cardinal Capital Management now owns 34,265 shares of the company’s stock valued at $1,661,000 after buying an additional 247 shares during the period. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Trading Up 0.2 %

Shares of Unilever stock traded up $0.10 during trading hours on Wednesday, hitting $61.42. The company had a trading volume of 1,571,370 shares, compared to its average volume of 2,827,169. The company’s 50-day moving average is $56.95 and its two-hundred day moving average is $52.55. Unilever PLC has a twelve month low of $46.16 and a twelve month high of $62.65.

Unilever Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 9th will be issued a $0.4773 dividend. This is a boost from Unilever’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, August 9th. This represents a $1.91 annualized dividend and a dividend yield of 3.11%.

Analysts Set New Price Targets

UL has been the topic of several research reports. Argus lifted their price objective on shares of Unilever from $58.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. UBS Group raised shares of Unilever to a “strong sell” rating in a report on Tuesday, July 30th. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research note on Saturday. JPMorgan Chase & Co. upgraded shares of Unilever from an “underweight” rating to an “overweight” rating in a research note on Thursday, May 23rd. Finally, TD Cowen assumed coverage on shares of Unilever in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 target price for the company. Four research analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $58.33.

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.