Fulton Bank N.A. Sells 1,429 Shares of Unilever PLC (NYSE:UL)

Fulton Bank N.A. lessened its holdings in Unilever PLC (NYSE:UL) by 15.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,069 shares of the company’s stock after selling 1,429 shares during the period. Fulton Bank N.A.’s holdings in Unilever were worth $524,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Red Tortoise LLC acquired a new stake in shares of Unilever in the first quarter worth about $26,000. ST Germain D J Co. Inc. lifted its holdings in Unilever by 423.8% in the 2nd quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after purchasing an additional 428 shares during the last quarter. Abich Financial Wealth Management LLC boosted its position in Unilever by 393.5% during the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock worth $29,000 after purchasing an additional 425 shares during the period. 1620 Investment Advisors Inc. acquired a new position in Unilever during the second quarter valued at approximately $30,000. Finally, Quent Capital LLC bought a new position in shares of Unilever in the first quarter valued at approximately $28,000. 9.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. TD Cowen assumed coverage on shares of Unilever in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 target price on the stock. Bank of America raised Unilever from an “underperform” rating to a “buy” rating and raised their price target for the company from $47.00 to $72.00 in a research report on Thursday, August 22nd. UBS Group upgraded 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 report on Friday, October 4th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Unilever presently has a consensus rating of “Hold” and a consensus price target of $61.75.

Unilever Price Performance

Shares of NYSE:UL opened at $62.89 on Wednesday. The business’s 50 day moving average is $63.41 and its 200-day moving average is $56.96. Unilever PLC has a 1-year low of $46.16 and a 1-year high of $65.87.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 9th were issued a $0.4773 dividend. This represents a $1.91 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend was Friday, August 9th. This is a positive change from Unilever’s previous quarterly dividend of $0.46.

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.