Yousif Capital Management LLC Lowers Holdings in Unilever PLC (NYSE:UL)

Yousif Capital Management LLC cut its holdings in Unilever PLC (NYSE:UL) by 11.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,403 shares of the company’s stock after selling 3,195 shares during the period. Yousif Capital Management LLC’s holdings in Unilever were worth $1,513,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Cardinal Capital Management Inc. increased its stake in Unilever by 2.2% in the 1st quarter. Cardinal Capital Management Inc. now owns 423,359 shares of the company’s stock worth $25,211,000 after acquiring an additional 8,965 shares during the last quarter. Regatta Capital Group LLC increased its position in shares of Unilever by 1.9% during the 1st quarter. Regatta Capital Group LLC now owns 39,573 shares of the company’s stock valued at $2,357,000 after purchasing an additional 728 shares during the last quarter. Octavia Wealth Advisors LLC increased its position in shares of Unilever by 18.3% during the 1st quarter. Octavia Wealth Advisors LLC now owns 7,905 shares of the company’s stock valued at $471,000 after purchasing an additional 1,225 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Unilever by 0.3% during the 1st quarter. Farther Finance Advisors LLC now owns 80,953 shares of the company’s stock valued at $4,822,000 after purchasing an additional 206 shares during the last quarter. Finally, Park Avenue Securities LLC increased its position in shares of Unilever by 27.7% during the 1st quarter. Park Avenue Securities LLC now owns 60,376 shares of the company’s stock valued at $3,595,000 after purchasing an additional 13,107 shares during the last quarter. 9.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on UL shares. Wall Street Zen cut Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, May 6th. DZ Bank upgraded Unilever from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. BNP Paribas Exane assumed coverage on Unilever in a research report on Thursday, May 29th. They issued an “outperform” rating and a $73.00 target price on the stock. UBS Group upgraded Unilever from a “strong sell” rating to a “hold” rating in a research report on Friday, May 2nd. Finally, BNP Paribas upgraded Unilever to a “strong-buy” rating in a report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $70.67.

Unilever Stock Up 0.2%

Shares of NYSE UL opened at $62.80 on Tuesday. The stock has a market cap of $154.15 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 1.60 and a beta of 0.43. Unilever PLC has a 52-week low of $54.32 and a 52-week high of $65.87. The business has a 50-day moving average price of $62.83 and a 200 day moving average price of $59.47.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 16th were given a dividend of $0.5151 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.28%. This is a boost from Unilever’s previous quarterly dividend of $0.47. The ex-dividend date was Friday, May 16th. Unilever’s dividend payout ratio (DPR) is presently 59.03%.

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.