Unilever PLC $UL Shares Sold by Cohen Investment Advisors LLC

Cohen Investment Advisors LLC trimmed its position in Unilever PLC (NYSE:UL) by 6.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,150 shares of the company’s stock after selling 491 shares during the period. Cohen Investment Advisors LLC’s holdings in Unilever were worth $437,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in Unilever by 13.9% in the 1st quarter. Wellington Management Group LLP now owns 28,100,442 shares of the company’s stock worth $1,673,381,000 after buying an additional 3,421,054 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Unilever by 2.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,925,891 shares of the company’s stock worth $233,787,000 after buying an additional 95,359 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in Unilever by 7.1% in the 1st quarter. Raymond James Financial Inc. now owns 3,340,231 shares of the company’s stock worth $198,911,000 after buying an additional 221,958 shares during the last quarter. Hamlin Capital Management LLC boosted its holdings in Unilever by 6.8% in the 1st quarter. Hamlin Capital Management LLC now owns 3,070,860 shares of the company’s stock worth $182,870,000 after buying an additional 195,931 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Unilever by 4.3% during the 1st quarter. Northern Trust Corp now owns 2,260,133 shares of the company’s stock worth $134,591,000 after purchasing an additional 93,677 shares during the last quarter. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on UL shares. CICC Research started coverage on Unilever in a report on Thursday, August 21st. They set an “outperform” rating on the stock. Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a report on Sunday, August 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Unilever in a report on Wednesday. Finally, Zacks Research upgraded Unilever from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 17th. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Unilever presently has an average rating of “Moderate Buy” and an average price target of $73.00.

Unilever Stock Performance

UL opened at $58.62 on Thursday. Unilever PLC has a one year low of $54.32 and a one year high of $65.66. The stock has a market capitalization of $143.83 billion, a PE ratio of 16.80, a P/E/G ratio of 4.25 and a beta of 0.40. The business’s 50 day moving average price is $61.42 and its 200 day moving average price is $61.58.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 15th were given a $0.5175 dividend. The ex-dividend date of this dividend was Friday, August 15th. This is a positive change from Unilever’s previous quarterly dividend of $0.52. This represents a $2.07 dividend on an annualized basis and a yield of 3.5%. Unilever’s dividend payout ratio is presently 59.31%.

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.