Unilever PLC (NYSE:UL) Stock Position Decreased by Symphony Financial Ltd. Co.

Symphony Financial Ltd. Co. lessened its holdings in shares of Unilever PLC (NYSE:UL) by 10.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 4,895 shares of the company’s stock after selling 586 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in Unilever were worth $246,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Life Planning Partners Inc bought a new position in Unilever in the 4th quarter worth about $27,000. Jones Financial Companies Lllp grew its position in Unilever by 111.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 552 shares of the company’s stock worth $27,000 after purchasing an additional 291 shares during the last quarter. Rise Advisors LLC bought a new position in Unilever in the 1st quarter worth about $28,000. VisionPoint Advisory Group LLC grew its position in Unilever by 215.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock worth $29,000 after purchasing an additional 400 shares during the last quarter. Finally, Financial Management Professionals Inc. lifted its stake in shares of Unilever by 75.8% in the 1st quarter. Financial Management Professionals Inc. now owns 610 shares of the company’s stock worth $31,000 after acquiring an additional 263 shares during the period. Institutional investors own 9.67% of the company’s stock.

Unilever Stock Down 0.7 %

UL stock traded down $0.36 on Friday, hitting $54.99. 2,487,618 shares of the company’s stock traded hands, compared to its average volume of 2,202,291. Unilever PLC has a 1-year low of $46.16 and a 1-year high of $56.47. The stock has a fifty day moving average of $54.04 and a 200-day moving average of $50.67.

Unilever Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were paid a dividend of $0.4556 per share. This represents a $1.82 annualized dividend and a yield of 3.31%. The ex-dividend date was Thursday, May 16th.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Argus upped their price target on shares of Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Redburn Atlantic raised shares of Unilever from a “neutral” rating to a “buy” rating in a research note on Friday, June 7th. StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. raised shares of Unilever from an “underweight” rating to an “overweight” rating in a research note on Thursday, May 23rd. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Unilever currently has a consensus rating of “Hold” and a consensus price target of $54.00.

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.