SVB Wealth LLC Sells 1,468 Shares of Unilever PLC (NYSE:UL)

SVB Wealth LLC decreased its position in Unilever PLC (NYSE:UL) by 13.6% during the 1st quarter, Holdings Channel reports. The firm owned 9,301 shares of the company’s stock after selling 1,468 shares during the quarter. SVB Wealth LLC’s holdings in Unilever were worth $467,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. apricus wealth LLC raised its stake in shares of Unilever by 0.5% in the fourth quarter. apricus wealth LLC now owns 63,622 shares of the company’s stock valued at $3,084,000 after acquiring an additional 325 shares during the last quarter. Essex Savings Bank bought a new position in Unilever in the 4th quarter valued at $212,000. Country Club Bank GFN boosted its stake in Unilever by 12.7% in the fourth quarter. Country Club Bank GFN now owns 8,490 shares of the company’s stock worth $412,000 after purchasing an additional 955 shares in the last quarter. Pine Haven Investment Counsel Inc grew its holdings in shares of Unilever by 3.7% during the fourth quarter. Pine Haven Investment Counsel Inc now owns 6,133 shares of the company’s stock worth $297,000 after purchasing an additional 216 shares during the last quarter. Finally, Berkshire Bank increased its stake in shares of Unilever by 2.2% in the fourth quarter. Berkshire Bank now owns 59,492 shares of the company’s stock valued at $2,884,000 after buying an additional 1,266 shares in the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on UL. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research report on Monday, July 22nd. Argus raised their price target on Unilever from $58.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Redburn Atlantic upgraded Unilever from a “neutral” rating to a “buy” rating in a report on Friday, June 7th. TD Cowen started coverage on Unilever in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price target for the company. Finally, JPMorgan Chase & Co. raised shares of Unilever from an “underweight” rating to an “overweight” rating in a research note on Thursday, May 23rd. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Unilever currently has an average rating of “Hold” and a consensus target price of $58.33.

Unilever Price Performance

NYSE UL traded down $0.26 during trading hours on Tuesday, reaching $60.66. 1,069,699 shares of the company’s stock were exchanged, compared to its average volume of 2,781,566. Unilever PLC has a one year low of $46.16 and a one year high of $61.07. The company’s 50-day moving average is $56.10 and its two-hundred day moving average is $51.98.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 9th will be given a $0.4773 dividend. This is a boost from Unilever’s previous quarterly dividend of $0.46. This represents a $1.91 annualized dividend and a yield of 3.15%. The ex-dividend date is Friday, August 9th.

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.