Unilever PLC $UL Shares Sold by Bar Harbor Wealth Management

Bar Harbor Wealth Management reduced its position in shares of Unilever PLC (NYSE:UL) by 5.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,302 shares of the company’s stock after selling 552 shares during the period. Bar Harbor Wealth Management’s holdings in Unilever were worth $569,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP grew its holdings in Unilever by 13.9% during the first quarter. Wellington Management Group LLP now owns 28,100,442 shares of the company’s stock worth $1,673,381,000 after acquiring an additional 3,421,054 shares during the period. Envestnet Asset Management Inc. increased its stake 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 purchasing an additional 95,359 shares in the last quarter. Raymond James Financial Inc. increased its stake 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 purchasing an additional 221,958 shares in the last quarter. Hamlin Capital Management LLC increased its stake 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 purchasing an additional 195,931 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Unilever by 4.3% in 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 in the last quarter. 9.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Unilever Trading Up 0.5%

Shares of NYSE UL opened at $58.94 on Friday. The business has a fifty day simple moving average of $61.44 and a 200 day simple moving average of $61.59. The firm has a market capitalization of $144.62 billion, a price-to-earnings ratio of 16.89, a PEG ratio of 4.26 and a beta of 0.40. Unilever PLC has a one year low of $54.32 and a one year high of $65.66.

Unilever Increases Dividend

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