Unilever PLC (NYSE:UL) Shares Sold by Slocum Gordon & Co LLP

Slocum Gordon & Co LLP decreased its holdings in Unilever PLC (NYSE:UL) by 0.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,556 shares of the company’s stock after selling 234 shares during the quarter. Unilever accounts for about 1.2% of Slocum Gordon & Co LLP’s holdings, making the stock its 25th largest holding. Slocum Gordon & Co LLP’s holdings in Unilever were worth $1,570,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Blue Barn Wealth LLC acquired a new position in Unilever in the 2nd quarter worth about $239,000. 9258 Wealth Management LLC acquired a new position in shares of Unilever during the second quarter valued at approximately $201,000. Mayflower Financial Advisors LLC raised its holdings in shares of Unilever by 4.1% during the second quarter. Mayflower Financial Advisors LLC now owns 4,193 shares of the company’s stock valued at $231,000 after acquiring an additional 167 shares during the last quarter. Cooke & Bieler LP raised its holdings in shares of Unilever by 9.4% during the second quarter. Cooke & Bieler LP now owns 1,586,816 shares of the company’s stock valued at $87,259,000 after acquiring an additional 136,014 shares during the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of Unilever by 2,752.1% during the second quarter. Larson Financial Group LLC now owns 2,025 shares of the company’s stock valued at $111,000 after acquiring an additional 1,954 shares during the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Trading Up 0.2 %

Shares of Unilever stock opened at $65.61 on Friday. The stock has a 50 day moving average of $60.04 and a 200 day moving average of $54.57. Unilever PLC has a fifty-two week low of $46.16 and a fifty-two week high of $65.72.

Unilever Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 9th will be paid a dividend of $0.4773 per share. This represents a $1.91 dividend on an annualized basis and a yield of 2.91%. This is a boost from Unilever’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, August 9th.

Analysts Set New Price Targets

UL has been the subject of a number of research analyst reports. TD Cowen initiated coverage on Unilever in a report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 target price for the company. UBS Group raised Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Bank of America upgraded Unilever from an “underperform” rating to a “buy” rating and upped their price target for the company from $47.00 to $72.00 in a research report on Thursday, August 22nd. JPMorgan Chase & Co. upgraded Unilever from an “underweight” rating to an “overweight” rating in a research report on Thursday, May 23rd. Finally, StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a research report on Saturday, August 3rd. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Unilever has a consensus rating of “Hold” and an average target price of $61.75.

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.