UMB Bank n.a. Trims Stock Holdings in Unilever PLC (NYSE:UL)

UMB Bank n.a. lowered its stake in Unilever PLC (NYSE:UL) by 2.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,984 shares of the company’s stock after selling 364 shares during the period. UMB Bank n.a.’s holdings in Unilever were worth $934,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Red Tortoise LLC acquired a new position in shares of Unilever in the first quarter valued at approximately $26,000. Rise Advisors LLC acquired a new position in shares of Unilever in the first quarter valued at approximately $28,000. Quent Capital LLC acquired a new position in Unilever during the first quarter worth $28,000. ST Germain D J Co. Inc. grew its holdings in Unilever by 423.8% during the second 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 during the period. Finally, YHB Investment Advisors Inc. acquired a new position in Unilever during the first quarter worth $30,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Analyst Upgrades and Downgrades

UL has been the topic of a number of recent analyst reports. Bank of America raised Unilever from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $47.00 to $72.00 in a report on Thursday, August 22nd. StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a research report on Saturday, August 3rd. Argus upped their price objective on Unilever from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. JPMorgan Chase & Co. upgraded Unilever from an “underweight” rating to an “overweight” rating in a research report on Thursday, May 23rd. Finally, UBS Group upgraded Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $61.75.

Unilever Trading Down 0.4 %

NYSE UL opened at $64.78 on Friday. The business’s 50-day moving average price is $59.13 and its 200 day moving average price is $54.06. Unilever PLC has a twelve month low of $46.16 and a twelve month high of $65.17. The company has a market capitalization of $162.15 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 1.92 and a beta of 0.46.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 9th will be given a dividend of $0.4773 per share. The ex-dividend date is Friday, August 9th. This is an increase from Unilever’s previous quarterly dividend of $0.46. This represents a $1.91 annualized dividend and a yield of 2.95%. Unilever’s dividend payout ratio is 54.97%.

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.