Traveka Wealth LLC Has $263,000 Stock Holdings in Unilever PLC (NYSE:UL)

Traveka Wealth LLC lessened its position in shares of Unilever PLC (NYSE:UL) by 9.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,421 shares of the company’s stock after selling 472 shares during the quarter. Traveka Wealth LLC’s holdings in Unilever were worth $263,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Bank of America Corp DE lifted its stake in shares of Unilever by 3.4% during the fourth quarter. Bank of America Corp DE now owns 7,906,824 shares of the company’s stock valued at $448,317,000 after acquiring an additional 257,538 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Unilever by 5.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,103,075 shares of the company’s stock valued at $289,345,000 after acquiring an additional 250,053 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Unilever by 9.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 3,830,532 shares of the company’s stock valued at $217,191,000 after acquiring an additional 327,329 shares during the period. Clearbridge Investments LLC lifted its stake in shares of Unilever by 140.1% during the fourth quarter. Clearbridge Investments LLC now owns 3,719,284 shares of the company’s stock valued at $210,883,000 after acquiring an additional 2,170,242 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Unilever during the fourth quarter valued at $176,806,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Stock Performance

Shares of UL opened at $61.52 on Friday. The stock has a 50 day simple moving average of $62.59 and a 200 day simple moving average of $59.71. Unilever PLC has a 52-week low of $54.32 and a 52-week high of $65.87. The firm has a market capitalization of $151.01 billion, a PE ratio of 17.63, a P/E/G ratio of 3.81 and a beta of 0.41.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 16th were paid a dividend of $0.5151 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.35%. This is a boost from Unilever’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Friday, May 16th. Unilever’s dividend payout ratio is presently 59.03%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on UL. UBS Group raised Unilever from a “strong sell” rating to a “hold” rating in a research note on Friday, May 2nd. BNP Paribas Exane initiated coverage on Unilever in a report on Thursday, May 29th. They set an “outperform” rating and a $73.00 target price on the stock. Wall Street Zen cut Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, May 6th. Finally, BNP Paribas upgraded Unilever to a “strong-buy” rating in a report on Thursday, May 29th. One 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. According to data from MarketBeat, Unilever has a consensus rating of “Moderate Buy” and an average target price of $70.67.

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.