Wallace Advisory Group LLC Sells 205 Shares of Unilever PLC (NYSE:UL)

Wallace Advisory Group LLC lowered its stake in Unilever PLC (NYSE:UL) by 3.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,069 shares of the company’s stock after selling 205 shares during the period. Wallace Advisory Group LLC’s holdings in Unilever were worth $329,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of UL. Eldred Rock Partners LLC boosted its holdings in Unilever by 119.2% during the third quarter. Eldred Rock Partners LLC now owns 108,955 shares of the company’s stock worth $7,078,000 after purchasing an additional 59,241 shares during the last quarter. Park Avenue Securities LLC lifted its position in shares of Unilever by 2.9% in the 3rd quarter. Park Avenue Securities LLC now owns 38,956 shares of the company’s stock worth $2,531,000 after purchasing an additional 1,094 shares during the period. Centaurus Financial Inc. increased its stake in Unilever by 34.6% during the 2nd quarter. Centaurus Financial Inc. now owns 8,538 shares of the company’s stock valued at $469,000 after purchasing an additional 2,194 shares in the last quarter. Prio Wealth Limited Partnership bought a new stake in shares of Unilever in the second quarter worth approximately $8,030,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Unilever in the second quarter worth approximately $5,417,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Stock Down 0.1 %

Shares of UL traded down $0.07 during trading hours on Friday, reaching $62.84. 1,320,252 shares of the company traded hands, compared to its average volume of 2,714,313. The stock has a fifty day simple moving average of $63.39 and a 200 day simple moving average of $56.77. Unilever PLC has a fifty-two week low of $46.16 and a fifty-two week high of $65.87.

Unilever Increases Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on UL shares. UBS Group upgraded shares of Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and increased their price target for the stock from $47.00 to $72.00 in a report on Thursday, August 22nd. TD Cowen initiated coverage on Unilever in a research report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 target price on the stock. Redburn Atlantic upgraded shares of Unilever from a “neutral” rating to a “buy” rating in a report on Friday, June 7th. Finally, StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research note on Friday. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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.