Motco Sells 1,302 Shares of Unilever PLC $UL

Motco lowered its position in shares of Unilever PLC (NYSE:UL) by 1.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 72,039 shares of the company’s stock after selling 1,302 shares during the quarter. Motco’s holdings in Unilever were worth $4,209,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. N.E.W. Advisory Services LLC bought a new position in shares of Unilever during the 1st quarter worth approximately $30,000. Brentview Investment Management LLC purchased a new stake in shares of Unilever during the 1st quarter worth approximately $33,000. Richardson Financial Services Inc. increased its stake in shares of Unilever by 209.0% during the 1st quarter. Richardson Financial Services Inc. now owns 618 shares of the company’s stock worth $37,000 after purchasing an additional 418 shares during the last quarter. Financial Connections Group Inc. purchased a new stake in shares of Unilever during the 2nd quarter worth approximately $39,000. Finally, Marshall & Sullivan Inc. WA purchased a new stake in shares of Unilever during the 2nd quarter worth approximately $55,000. Institutional investors own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on UL. Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a research note on Sunday, August 3rd. Zacks Research lowered shares of Unilever from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 16th. Weiss Ratings restated a “buy (b)” rating on shares of Unilever in a research note on Wednesday, October 8th. Finally, CICC Research began coverage on shares of Unilever in a research note on Thursday, August 21st. They set an “outperform” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $73.00.

Unilever Trading Down 1.3%

Unilever stock opened at $61.88 on Wednesday. Unilever PLC has a 1-year low of $54.32 and a 1-year high of $65.66. The firm has a 50 day simple moving average of $61.64 and a 200 day simple moving average of $61.86.

Unilever Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 7th will be paid a $0.5258 dividend. The ex-dividend date is Friday, November 7th. This represents a $2.10 dividend on an annualized basis and a yield of 3.4%. This is a positive change from Unilever’s previous quarterly dividend of $0.52.

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.