Cetera Investment Advisers Sells 17,825 Shares of Unilever PLC (NYSE:UL)

Cetera Investment Advisers trimmed its stake in Unilever PLC (NYSE:UL) by 6.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 259,854 shares of the company’s stock after selling 17,825 shares during the quarter. Cetera Investment Advisers’ holdings in Unilever were worth $14,289,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Pathway Financial Advisers LLC grew its holdings in shares of Unilever by 2.0% during the second quarter. Pathway Financial Advisers LLC now owns 36,726 shares of the company’s stock valued at $2,016,000 after buying an additional 734 shares during the last quarter. Kimelman & Baird LLC bought a new position in Unilever in the 2nd quarter valued at approximately $1,199,000. Saratoga Research & Investment Management boosted its stake in Unilever by 0.8% during the 2nd quarter. Saratoga Research & Investment Management now owns 2,767,207 shares of the company’s stock valued at $152,169,000 after purchasing an additional 22,325 shares during the last quarter. Wallace Capital Management Inc. increased its holdings in shares of Unilever by 6.1% in the 2nd quarter. Wallace Capital Management Inc. now owns 303,982 shares of the company’s stock worth $16,716,000 after purchasing an additional 17,568 shares in the last quarter. Finally, Wallace Advisory Group LLC purchased a new position in shares of Unilever in the second quarter worth $290,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Stock Down 0.1 %

Shares of UL opened at $62.84 on Friday. Unilever PLC has a 1 year low of $46.16 and a 1 year high of $65.87. The company has a 50 day simple moving average of $63.39 and a two-hundred day simple moving average of $56.77.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 9th were issued a $0.4773 dividend. The ex-dividend date of this dividend was Friday, August 9th. This is a positive change from Unilever’s previous quarterly dividend of $0.46. This represents a $1.91 dividend on an annualized basis and a dividend yield of 3.04%.

Wall Street Analyst Weigh In

UL has been the subject of several research analyst reports. UBS Group upgraded Unilever to a “strong sell” rating in a report on Tuesday, July 30th. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research note on Friday. TD Cowen started coverage on shares of Unilever in a report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price objective for the company. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and raised their target price for the stock from $47.00 to $72.00 in a report on Thursday, August 22nd. Finally, Redburn Atlantic upgraded shares of Unilever from a “neutral” rating to a “buy” rating in a research note on Friday, June 7th. Three analysts have rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $61.75.

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.