Weaver C. Barksdale & Associates Inc. Sells 543 Shares of Unilever PLC (NYSE:UL)

Weaver C. Barksdale & Associates Inc. decreased its position in shares of Unilever PLC (NYSE:UL) by 1.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,165 shares of the company’s stock after selling 543 shares during the period. Weaver C. Barksdale & Associates Inc.’s holdings in Unilever were worth $1,714,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of UL. Mayflower Financial Advisors LLC increased its holdings in Unilever by 4.1% during the 2nd quarter. Mayflower Financial Advisors LLC now owns 4,193 shares of the company’s stock valued at $231,000 after purchasing an additional 167 shares in the last quarter. O Brien Greene & Co. Inc increased its stake in shares of Unilever by 2.7% in the second quarter. O Brien Greene & Co. Inc now owns 6,653 shares of the company’s stock valued at $366,000 after buying an additional 174 shares in the last quarter. Crewe Advisors LLC raised its holdings in shares of Unilever by 17.3% in the second quarter. Crewe Advisors LLC now owns 1,186 shares of the company’s stock valued at $65,000 after buying an additional 175 shares during the last quarter. Bailard Inc. raised its holdings in shares of Unilever by 1.2% in the second quarter. Bailard Inc. now owns 15,014 shares of the company’s stock valued at $826,000 after buying an additional 179 shares during the last quarter. Finally, Gallacher Capital Management LLC lifted its position in Unilever by 2.5% during the 2nd quarter. Gallacher Capital Management LLC now owns 7,575 shares of the company’s stock worth $417,000 after buying an additional 182 shares in the last quarter. Institutional investors own 9.67% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on UL shares. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and raised their price objective for the company from $47.00 to $72.00 in a research report on Thursday, August 22nd. TD Cowen initiated coverage on shares of Unilever in a report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price target for the company. Redburn Atlantic raised Unilever from a “neutral” rating to a “buy” rating in a report on Friday, June 7th. UBS Group raised Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. Finally, StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a research note on Saturday, August 3rd. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Unilever currently has a consensus rating of “Hold” and an average price target of $61.75.

Unilever Stock Down 0.1 %

UL stock opened at $64.33 on Friday. Unilever PLC has a twelve month low of $46.16 and a twelve month high of $65.86. The company has a market cap of $160.33 billion, a P/E ratio of 18.76, a price-to-earnings-growth ratio of 1.98 and a beta of 0.48. The business’s fifty day moving average is $61.96 and its 200-day moving average is $55.60.

Unilever Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 9th were paid a $0.4773 dividend. This is a positive change from Unilever’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.91 annualized dividend and a yield of 2.97%. Unilever’s dividend payout ratio is presently 55.10%.

Unilever Company Profile

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.