DAVENPORT & Co LLC Sells 421 Shares of Unilever PLC $UL

DAVENPORT & Co LLC reduced its position in Unilever PLC (NYSE:UL) by 0.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 61,884 shares of the company’s stock after selling 421 shares during the period. DAVENPORT & Co LLC’s holdings in Unilever were worth $3,785,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UL. N.E.W. Advisory Services LLC bought a new stake in shares of Unilever during the first quarter valued at about $30,000. Brentview Investment Management LLC bought a new stake in shares of Unilever during the first quarter valued at about $33,000. Richardson Financial Services Inc. increased its position in shares of Unilever by 209.0% during the first quarter. Richardson Financial Services Inc. now owns 618 shares of the company’s stock valued at $37,000 after buying an additional 418 shares during the period. Marshall & Sullivan Inc. WA bought a new stake in shares of Unilever during the second quarter valued at about $55,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Unilever during the first quarter valued at about $63,000. 9.67% of the stock is currently owned by institutional investors.

Unilever Trading Up 0.0%

UL stock opened at $58.62 on Thursday. The company’s 50 day moving average is $61.42 and its 200 day moving average is $61.58. The stock has a market cap of $143.83 billion, a price-to-earnings ratio of 16.80, a price-to-earnings-growth ratio of 4.25 and a beta of 0.40. Unilever PLC has a 1-year low of $54.32 and a 1-year high of $65.66.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 15th were given a $0.5175 dividend. This represents a $2.07 annualized dividend and a dividend yield of 3.5%. This is a positive change from Unilever’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, August 15th. Unilever’s dividend payout ratio (DPR) is currently 59.31%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Unilever in a research report on Wednesday. Zacks Research upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 17th. CICC Research assumed coverage on Unilever in a research report on Thursday, August 21st. They set an “outperform” rating on the stock. Finally, Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a research report on Sunday, August 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $73.00.

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.