Oxbow Advisors LLC Sells 550 Shares of Unilever PLC (NYSE:UL)

Oxbow Advisors LLC lowered its holdings in Unilever PLC (NYSE:UL) by 0.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 125,648 shares of the company’s stock after selling 550 shares during the quarter. Oxbow Advisors LLC’s holdings in Unilever were worth $6,909,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of UL. Red Tortoise LLC bought a new stake in shares of Unilever during the first quarter worth about $26,000. ST Germain D J Co. Inc. increased its holdings in Unilever by 423.8% during the 2nd quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after purchasing an additional 428 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new stake in shares of Unilever in the second quarter worth approximately $30,000. Quent Capital LLC bought a new position in shares of Unilever in the first quarter valued at approximately $28,000. Finally, Rise Advisors LLC purchased a new position in shares of Unilever during the first quarter valued at approximately $28,000. Institutional investors own 9.67% of the company’s stock.

Unilever Stock Down 0.3 %

UL traded down $0.21 during midday trading on Friday, reaching $65.25. The company had a trading volume of 2,463,009 shares, compared to its average volume of 2,806,526. Unilever PLC has a 12-month low of $46.16 and a 12-month high of $65.72. The business has a 50-day moving average price of $60.25 and a two-hundred day moving average price of $54.67.

Unilever Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 9th were paid a $0.4773 dividend. This is an increase from Unilever’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.91 annualized dividend and a yield of 2.93%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on UL shares. Redburn Atlantic raised Unilever from a “neutral” rating to a “buy” rating in a research report on Friday, June 7th. UBS Group raised shares of Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. raised shares of Unilever from an “underweight” rating to an “overweight” rating in a research report on Thursday, May 23rd. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research note on Saturday, August 3rd. Finally, Bank of America upgraded Unilever from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $47.00 to $72.00 in a research note on Thursday, August 22nd. Three analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $61.75.

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.