Assetmark Inc. Sells 33,232 Shares of Unilever PLC (NYSE:UL)

Assetmark Inc. lowered its holdings in shares of Unilever PLC (NYSE:UL) by 66.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 17,101 shares of the company’s stock after selling 33,232 shares during the period. Assetmark Inc.’s holdings in Unilever were worth $1,111,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of UL. Empowered Funds LLC purchased a new stake in shares of Unilever in the 1st quarter worth approximately $684,000. Orion Portfolio Solutions LLC increased its holdings in shares of Unilever by 12.6% during the first quarter. Orion Portfolio Solutions LLC now owns 153,137 shares of the company’s stock valued at $7,686,000 after acquiring an additional 17,094 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its position in shares of Unilever by 1.4% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 20,154 shares of the company’s stock worth $1,012,000 after purchasing an additional 282 shares during the last quarter. Pinkerton Retirement Specialists LLC boosted its stake in Unilever by 49.6% in the 1st quarter. Pinkerton Retirement Specialists LLC now owns 74,981 shares of the company’s stock worth $3,763,000 after purchasing an additional 24,845 shares in the last quarter. Finally, Nicolet Advisory Services LLC purchased a new stake in Unilever during the 1st quarter valued at about $226,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

Shares of UL opened at $57.40 on Friday. Unilever PLC has a one year low of $46.46 and a one year high of $65.87. The business has a fifty day moving average of $62.91 and a 200 day moving average of $59.32. The firm has a market capitalization of $142.90 billion, a P/E ratio of 16.98, a PEG ratio of 1.74 and a beta of 0.49.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be given a dividend of $0.4755 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.90 annualized dividend and a dividend yield of 3.31%. This is a positive change from Unilever’s previous quarterly dividend of $0.35. Unilever’s dividend payout ratio is presently 55.62%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. StockNews.com cut shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday. UBS Group upgraded Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. 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, Bank of America raised Unilever from an “underperform” rating to a “buy” rating and increased their price objective for the company from $47.00 to $72.00 in a research report on Thursday, August 22nd. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average 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.