Unilever PLC (NYSE:UL) Shares Sold by Park Place Capital Corp

Park Place Capital Corp lowered its holdings in shares of Unilever PLC (NYSE:UL) by 28.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,759 shares of the company’s stock after selling 3,113 shares during the quarter. Park Place Capital Corp’s holdings in Unilever were worth $389,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Jones Financial Companies Lllp increased its holdings in Unilever by 111.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 552 shares of the company’s stock worth $27,000 after acquiring an additional 291 shares in the last quarter. Life Planning Partners Inc purchased a new stake in shares of Unilever during the fourth quarter worth about $27,000. Rise Advisors LLC acquired a new position in shares of Unilever during the 1st quarter worth about $28,000. VisionPoint Advisory Group LLC lifted its stake in Unilever by 215.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock valued at $29,000 after buying an additional 400 shares in the last quarter. Finally, Voisard Asset Management Group Inc. purchased a new position in Unilever in the 4th quarter valued at about $31,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on UL. JPMorgan Chase & Co. upgraded Unilever from an “underweight” rating to an “overweight” rating in a report on Thursday, May 23rd. Argus lifted their price objective on shares of Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. StockNews.com lowered Unilever from a “buy” rating to a “hold” rating in a report on Thursday, June 27th. Finally, Redburn Atlantic raised Unilever from a “neutral” rating to a “buy” rating in a research report on Friday, June 7th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Unilever currently has a consensus rating of “Hold” and a consensus price target of $54.00.

Unilever Stock Performance

UL stock opened at $54.70 on Tuesday. Unilever PLC has a one year low of $46.16 and a one year high of $56.47. The company has a fifty day moving average of $54.04 and a 200-day moving average of $50.69.

Unilever Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were issued a dividend of $0.4556 per share. This represents a $1.82 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend was Thursday, May 16th.

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.