Unilever PLC (NYSE:UL) Shares Sold by Raymond James & Associates

Raymond James & Associates lowered its stake in Unilever PLC (NYSE:UL) by 11.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,445,407 shares of the company’s stock after selling 324,400 shares during the quarter. Raymond James & Associates owned about 0.10% of Unilever worth $134,473,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Red Tortoise LLC acquired a new stake in Unilever during the 1st quarter valued at approximately $26,000. Rise Advisors LLC acquired a new position in shares of Unilever in the 1st quarter worth approximately $28,000. Quent Capital LLC acquired a new position in shares of Unilever in the 1st quarter worth approximately $28,000. ST Germain D J Co. Inc. grew its position in shares of 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 acquiring an additional 428 shares in the last quarter. Finally, YHB Investment Advisors Inc. acquired a new position in shares of Unilever in the 1st quarter worth approximately $30,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Stock Down 0.0 %

Shares of Unilever stock opened at $60.97 on Monday. The business’s fifty day moving average price is $57.87 and its two-hundred day moving average price is $53.27. Unilever PLC has a 1-year low of $46.16 and a 1-year high of $62.65.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 9th will be paid a dividend of $0.4773 per share. The ex-dividend date is Friday, August 9th. This represents a $1.91 annualized dividend and a yield of 3.13%. This is an increase from Unilever’s previous quarterly dividend of $0.46.

Analyst Ratings Changes

Several brokerages recently issued reports on UL. Redburn Atlantic raised Unilever from a “neutral” rating to a “buy” rating in a report on Friday, June 7th. TD Cowen began coverage on Unilever in a report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price target on the stock. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a report on Saturday, August 3rd. UBS Group raised Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Finally, Argus raised their price target on Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Unilever currently has an average rating of “Hold” and a consensus target price of $58.33.

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.