DecisionMap Wealth Management LLC Sells 679 Shares of Unilever PLC $UL

DecisionMap Wealth Management LLC reduced its stake in shares of Unilever PLC (NYSE:UL) by 7.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,002 shares of the company’s stock after selling 679 shares during the quarter. DecisionMap Wealth Management LLC’s holdings in Unilever were worth $551,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of UL. Bank of New York Mellon Corp increased its stake in Unilever by 33.2% in the first quarter. Bank of New York Mellon Corp now owns 934,804 shares of the company’s stock valued at $55,668,000 after purchasing an additional 232,945 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Unilever by 13.9% in the 1st quarter. Wellington Management Group LLP now owns 28,100,442 shares of the company’s stock valued at $1,673,381,000 after buying an additional 3,421,054 shares during the period. Russell Investments Group Ltd. increased its position in shares of Unilever by 65.1% in the 1st quarter. Russell Investments Group Ltd. now owns 232,096 shares of the company’s stock valued at $13,821,000 after buying an additional 91,511 shares in the last quarter. Banco Santander S.A. increased its position in shares of Unilever by 70.6% in the 1st quarter. Banco Santander S.A. now owns 15,030 shares of the company’s stock valued at $895,000 after buying an additional 6,220 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Unilever by 7.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 211,767 shares of the company’s stock worth $12,996,000 after acquiring an additional 15,421 shares in the last quarter. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Unilever Stock Down 0.3%

NYSE UL opened at $62.93 on Tuesday. The firm’s 50 day moving average is $61.55 and its 200-day moving average is $61.71. The company has a market capitalization of $154.42 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 4.75 and a beta of 0.40. Unilever PLC has a 12-month low of $54.32 and a 12-month high of $65.66.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 15th were given a dividend of $0.5175 per share. This is a boost from Unilever’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.07 annualized dividend and a yield of 3.3%. Unilever’s payout ratio is presently 59.31%.

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.