Joel Isaacson & Co. LLC Trims Stake in Unilever PLC $UL

Joel Isaacson & Co. LLC decreased its position in shares of Unilever PLC (NYSE:UL) by 1.3% during the second quarter, Holdings Channel reports. The fund owned 14,203 shares of the company’s stock after selling 189 shares during the period. Joel Isaacson & Co. LLC’s holdings in Unilever were worth $869,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in UL. Brighton Jones LLC boosted its position in shares of Unilever by 5.4% in the 4th quarter. Brighton Jones LLC now owns 10,572 shares of the company’s stock worth $599,000 after purchasing an additional 539 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Unilever by 13.0% in the 1st quarter. UMB Bank n.a. now owns 11,322 shares of the company’s stock worth $674,000 after purchasing an additional 1,304 shares in the last quarter. Wedmont Private Capital boosted its position in shares of Unilever by 3.8% in the 1st quarter. Wedmont Private Capital now owns 5,418 shares of the company’s stock worth $335,000 after purchasing an additional 198 shares in the last quarter. Park Avenue Securities LLC boosted its position in shares of Unilever by 27.7% in the 1st quarter. Park Avenue Securities LLC now owns 60,376 shares of the company’s stock worth $3,595,000 after purchasing an additional 13,107 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Unilever by 0.3% in the 1st quarter. Farther Finance Advisors LLC now owns 80,953 shares of the company’s stock worth $4,822,000 after purchasing an additional 206 shares in the last quarter. 9.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. CICC Research assumed coverage on Unilever in a research report on Thursday, August 21st. They issued an “outperform” rating on the stock. Zacks Research raised Unilever from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 17th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a research report on Sunday, August 3rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Unilever in a research report on Saturday, September 27th. Three research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $73.00.

Unilever Stock Up 0.1%

UL opened at $58.62 on Wednesday. The firm has a 50-day simple moving average of $61.43 and a two-hundred day simple moving average of $61.60. Unilever PLC has a 52 week low of $54.32 and a 52 week high of $65.66. The company has a market capitalization of $143.82 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 3.53 and a beta of 0.40.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 15th were issued a dividend of $0.5175 per share. This is a boost from Unilever’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.07 annualized dividend and a dividend yield of 3.5%. Unilever’s payout ratio is currently 59.31%.

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.