Weaver C. Barksdale & Associates Inc. Has $1.71 Million Stock Holdings in Unilever PLC (NYSE:UL)

Weaver C. Barksdale & Associates Inc. decreased its position in Unilever PLC (NYSE:UL) by 1.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 31,165 shares of the company’s stock after selling 543 shares during the period. Weaver C. Barksdale & Associates Inc.’s holdings in Unilever were worth $1,714,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in UL. Allen Wealth Management LLC acquired a new stake in Unilever during the 4th quarter worth approximately $2,415,000. Diversify Advisory Services LLC bought a new stake in Unilever in the 1st quarter valued at $863,000. Virtu Financial LLC bought a new stake in Unilever in the 4th quarter valued at $867,000. First Trust Advisors LP boosted its stake in Unilever by 6.6% in the 4th quarter. First Trust Advisors LP now owns 1,452,545 shares of the company’s stock worth $70,419,000 after purchasing an additional 90,245 shares during the period. Finally, Empowered Funds LLC bought a new position in Unilever during the 1st quarter worth about $684,000. Institutional investors own 9.67% of the company’s stock.

Analyst Upgrades and Downgrades

UL has been the topic of a number of research reports. StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a report on Saturday, August 3rd. UBS Group upgraded Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. JPMorgan Chase & Co. raised shares of Unilever from an “underweight” rating to an “overweight” rating in a research note on Thursday, May 23rd. Redburn Atlantic raised shares of Unilever from a “neutral” rating to a “buy” rating in a research report on Friday, June 7th. Finally, TD Cowen initiated coverage on shares of Unilever in a report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 target price for the company. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $61.75.

Unilever Stock Down 0.1 %

Shares of Unilever stock opened at $64.33 on Friday. The stock has a market cap of $160.33 billion, a P/E ratio of 18.76, a P/E/G ratio of 1.98 and a beta of 0.48. Unilever PLC has a 12-month low of $46.16 and a 12-month high of $65.86. The business’s 50 day moving average is $61.96 and its 200-day moving average is $55.60.

Unilever Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 9th were given a dividend of $0.4773 per share. This is a positive change from Unilever’s previous quarterly dividend of $0.46. This represents a $1.91 annualized dividend and a yield of 2.97%. The ex-dividend date was Friday, August 9th. Unilever’s dividend payout ratio is 55.10%.

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.