Unilever PLC (NYSE:UL) Shares Sold by Delta Capital Management LLC

Delta Capital Management LLC trimmed its position in Unilever PLC (NYSE:UL) by 1.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,530 shares of the company’s stock after selling 310 shares during the period. Delta Capital Management LLC’s holdings in Unilever were worth $1,759,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in Unilever in the 4th quarter worth about $26,000. VSM Wealth Advisory LLC purchased a new position in Unilever in the 4th quarter worth approximately $28,000. Roxbury Financial LLC purchased a new position in Unilever in the 4th quarter worth approximately $30,000. Vermillion Wealth Management Inc. purchased a new position in Unilever in the 4th quarter worth approximately $30,000. Finally, Mainstream Capital Management LLC purchased a new position in Unilever in the 4th quarter worth approximately $31,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Trading Up 1.1%

UL stock opened at $63.64 on Friday. The company has a market capitalization of $156.41 billion, a PE ratio of 18.23, a P/E/G ratio of 1.60 and a beta of 0.43. Unilever PLC has a 12-month low of $54.32 and a 12-month high of $65.87. The business’s fifty day moving average price is $62.64 and its 200 day moving average price is $59.43.

Unilever Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 16th will be issued a $0.5151 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend is Friday, May 16th. This is an increase from Unilever’s previous quarterly dividend of $0.47. Unilever’s payout ratio is currently 59.03%.

Analyst Upgrades and Downgrades

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

Unilever 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.