Mount Yale Investment Advisors LLC Sells 816 Shares of Unilever PLC (NYSE:UL)

Mount Yale Investment Advisors LLC lowered its position in shares of Unilever PLC (NYSE:UL) by 2.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,442 shares of the company’s stock after selling 816 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Unilever were worth $1,509,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allen Wealth Management LLC purchased a new stake in Unilever in the fourth quarter worth approximately $2,415,000. Diversify Advisory Services LLC purchased a new position in Unilever in the 1st quarter worth $863,000. Virtu Financial LLC purchased a new position in Unilever in the 4th quarter worth $867,000. First Trust Advisors LP lifted its stake in Unilever by 6.6% in the fourth quarter. First Trust Advisors LP now owns 1,452,545 shares of the company’s stock worth $70,419,000 after purchasing an additional 90,245 shares during the last quarter. Finally, Empowered Funds LLC purchased a new stake in Unilever during the first quarter valued at about $684,000. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Unilever Stock Up 0.1 %

Shares of UL stock opened at $64.41 on Monday. The firm has a market capitalization of $161.23 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 1.98 and a beta of 0.48. The stock has a fifty day moving average of $62.09 and a 200 day moving average of $55.80. Unilever PLC has a 52 week low of $46.16 and a 52 week high of $65.86.

Unilever Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 9th were given a $0.4773 dividend. This represents a $1.91 annualized dividend and a dividend yield of 2.96%. This is a boost from Unilever’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, August 9th. Unilever’s dividend payout ratio (DPR) is currently 54.81%.

Wall Street Analysts Forecast Growth

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