Unilever PLC (NYSE:UL) Shares Sold by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC trimmed its holdings in shares of Unilever PLC (NYSE:UL) by 60.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,619 shares of the company’s stock after selling 8,742 shares during the period. SeaCrest Wealth Management LLC’s holdings in Unilever were worth $282,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Life Planning Partners Inc acquired a new stake in Unilever in the 4th quarter valued at $27,000. Rise Advisors LLC purchased a new stake in shares of Unilever in the first quarter worth about $28,000. VisionPoint Advisory Group LLC grew its stake in shares of Unilever by 215.1% in the third quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock valued at $29,000 after buying an additional 400 shares in the last quarter. Voisard Asset Management Group Inc. purchased a new stake in shares of Unilever during the 4th quarter valued at about $31,000. Finally, Financial Management Professionals Inc. lifted its position in Unilever by 75.8% during the 1st quarter. Financial Management Professionals Inc. now owns 610 shares of the company’s stock worth $31,000 after acquiring an additional 263 shares in the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Stock Performance

Shares of NYSE:UL opened at $54.99 on Thursday. The company has a fifty day simple moving average of $54.31 and a 200 day simple moving average of $50.79. Unilever PLC has a 12-month low of $46.16 and a 12-month high of $56.47.

Unilever Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were given a $0.4556 dividend. This represents a $1.82 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend was Thursday, May 16th.

Analysts Set New Price Targets

A number of analysts have recently issued reports on UL shares. StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. JPMorgan Chase & Co. raised shares of Unilever from an “underweight” rating to an “overweight” rating in a research note on Thursday, May 23rd. Argus upped their price objective on shares of Unilever from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Finally, Redburn Atlantic upgraded Unilever from a “neutral” rating to a “buy” rating in a research note on Friday, June 7th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Unilever presently has an average rating of “Hold” and an average price target of $54.00.

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.