Focus Partners Advisor Solutions LLC Sells 323 Shares of Unilever PLC $UL

Focus Partners Advisor Solutions LLC lowered its position in Unilever PLC (NYSE:UL) by 2.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,645 shares of the company’s stock after selling 323 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Unilever were worth $712,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Gallacher Capital Management LLC boosted its stake in Unilever by 1.9% in the 2nd quarter. Gallacher Capital Management LLC now owns 8,700 shares of the company’s stock worth $532,000 after purchasing an additional 165 shares during the period. SBI Securities Co. Ltd. boosted its stake in Unilever by 0.8% in the 1st quarter. SBI Securities Co. Ltd. now owns 21,492 shares of the company’s stock worth $1,280,000 after purchasing an additional 172 shares during the period. Ascent Group LLC boosted its stake in Unilever by 2.3% in the 2nd quarter. Ascent Group LLC now owns 8,457 shares of the company’s stock worth $517,000 after purchasing an additional 187 shares during the period. Rehmann Capital Advisory Group boosted its stake in Unilever by 2.7% in the 2nd quarter. Rehmann Capital Advisory Group now owns 7,314 shares of the company’s stock worth $447,000 after purchasing an additional 194 shares during the period. Finally, Kestra Private Wealth Services LLC boosted its stake in Unilever by 1.0% in the 1st quarter. Kestra Private Wealth Services LLC now owns 19,852 shares of the company’s stock worth $1,182,000 after purchasing an additional 195 shares during the period. 9.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UL has been the subject of a number of research analyst reports. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a research note on Sunday, August 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Unilever in a research report on Wednesday, October 8th. CICC Research assumed coverage on Unilever in a research report on Thursday, August 21st. They issued an “outperform” rating on the stock. Finally, Zacks Research downgraded Unilever from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Unilever has a consensus rating of “Moderate Buy” and an average price target of $73.00.

Unilever Trading Down 1.3%

Shares of NYSE:UL opened at $61.88 on Wednesday. Unilever PLC has a 52-week low of $54.32 and a 52-week high of $65.66. The company has a 50-day simple moving average of $61.64 and a 200 day simple moving average of $61.86.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 7th will be paid a $0.5258 dividend. This is an increase from Unilever’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, November 7th. This represents a $2.10 annualized dividend and a yield of 3.4%.

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.