Mid Atlantic Financial Management Inc. ADV trimmed its position in Unilever N.V. (NYSE:UL) by 3.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,904 shares of the company’s stock after selling 281 shares during the quarter. Mid Atlantic Financial Management Inc. ADV’s holdings in Unilever were worth $398,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of UL. Interactive Financial Advisors purchased a new stake in shares of Unilever in the first quarter worth approximately $29,000. CNB Bank purchased a new stake in shares of Unilever in the fourth quarter worth approximately $30,000. Lindbrook Capital LLC purchased a new stake in shares of Unilever in the fourth quarter worth approximately $31,000. Pinnacle Bank purchased a new stake in shares of Unilever in the fourth quarter worth approximately $32,000. Finally, Sontag Advisory LLC purchased a new stake in shares of Unilever in the fourth quarter worth approximately $33,000. 6.36% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently weighed in on UL. Zacks Investment Research lowered shares of Unilever from a “hold” rating to a “sell” rating in a research report on Thursday, February 14th. Credit Suisse Group raised shares of Unilever from a “neutral” rating to an “outperform” rating in a research report on Friday, May 3rd. Exane BNP Paribas lowered shares of Unilever from an “outperform” rating to a “neutral” rating in a research report on Wednesday, February 27th. BNP Paribas lowered shares of Unilever from an “outperform” rating to a “neutral” rating in a research report on Wednesday, February 27th. Finally, JPMorgan Chase & Co. reaffirmed a “sell” rating on shares of Unilever in a research report on Wednesday, January 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Unilever presently has a consensus rating of “Hold” and a consensus price target of $66.00.
NYSE:UL opened at $60.52 on Wednesday. Unilever N.V. has a 12 month low of $50.80 and a 12 month high of $61.19. The company has a market capitalization of $71.11 billion, a PE ratio of 21.85, a PEG ratio of 3.31 and a beta of 0.64.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Friday, May 3rd will be given a $0.4641 dividend. This is a positive change from Unilever’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $1.86 dividend on an annualized basis and a dividend yield of 3.07%. Unilever’s dividend payout ratio (DPR) is currently 66.43%.
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Unilever PLC operates in the fast moving consumer goods industry worldwide. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products primarily under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.
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