Phillips Wealth Planners LLC Reduces Holdings in Unilever PLC (NYSE:UL)

Phillips Wealth Planners LLC lowered its stake in shares of Unilever PLC (NYSE:UL) by 4.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 8,777 shares of the company’s stock after selling 392 shares during the period. Phillips Wealth Planners LLC’s holdings in Unilever were worth $555,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Mayflower Financial Advisors LLC grew its position in Unilever by 4.1% during the 2nd quarter. Mayflower Financial Advisors LLC now owns 4,193 shares of the company’s stock worth $231,000 after purchasing an additional 167 shares during the last quarter. O Brien Greene & Co. Inc grew its position in Unilever by 2.7% during the 2nd quarter. O Brien Greene & Co. Inc now owns 6,653 shares of the company’s stock worth $366,000 after purchasing an additional 174 shares during the last quarter. Crewe Advisors LLC grew its position in Unilever by 17.3% during the 2nd quarter. Crewe Advisors LLC now owns 1,186 shares of the company’s stock worth $65,000 after purchasing an additional 175 shares during the last quarter. Bailard Inc. grew its position in Unilever by 1.2% during the 2nd quarter. Bailard Inc. now owns 15,014 shares of the company’s stock worth $826,000 after purchasing an additional 179 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its position in Unilever by 7.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,781 shares of the company’s stock worth $181,000 after purchasing an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Analyst Upgrades and Downgrades

UL has been the topic of several research reports. TD Cowen initiated coverage on shares of Unilever in a research report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price objective on the stock. UBS Group raised shares of Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Bank of America raised shares of Unilever from an “underperform” rating to a “buy” rating and lifted their target price for the company from $47.00 to $72.00 in a report on Thursday, August 22nd. Finally, StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a report on Friday, October 4th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $61.75.

Unilever Price Performance

UL stock opened at $61.33 on Friday. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87. The company’s 50-day moving average price is $63.76 and its 200 day moving average price is $58.63.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 8th will be issued a dividend of $0.4755 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.90 dividend on an annualized basis and a yield of 3.10%. This is an increase from Unilever’s previous quarterly dividend of $0.35.

About Unilever

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.