HHM Wealth Advisors LLC Sells 391 Shares of Unilever PLC (NYSE:UL)

HHM Wealth Advisors LLC lessened its stake in Unilever PLC (NYSE:UL) by 16.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,922 shares of the company’s stock after selling 391 shares during the period. HHM Wealth Advisors LLC’s holdings in Unilever were worth $106,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in UL. Red Tortoise LLC purchased a new stake in Unilever during the first quarter valued at about $26,000. Rise Advisors LLC purchased a new position in shares of Unilever during the 1st quarter valued at about $28,000. Quent Capital LLC bought a new stake in Unilever in the 1st quarter worth approximately $28,000. ST Germain D J Co. Inc. boosted its stake in Unilever by 423.8% in the second quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after buying an additional 428 shares in the last quarter. Finally, YHB Investment Advisors Inc. bought a new position in Unilever during the first quarter valued at approximately $30,000. Institutional investors own 9.67% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on UL. JPMorgan Chase & Co. raised shares of Unilever from an “underweight” rating to an “overweight” rating in a research note on Thursday, May 23rd. TD Cowen began coverage on shares of Unilever in a research report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price target for the company. StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a report on Saturday, August 3rd. UBS Group upgraded Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Finally, Redburn Atlantic raised Unilever from a “neutral” rating to a “buy” rating in a research note on Friday, June 7th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $61.75.

Unilever Stock Performance

Shares of NYSE:UL opened at $64.89 on Thursday. The stock’s 50-day moving average is $60.87 and its 200 day moving average is $55.00. Unilever PLC has a 1 year low of $46.16 and a 1 year high of $65.86.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 9th were paid a dividend of $0.4773 per share. The ex-dividend date was Friday, August 9th. This is a boost from Unilever’s previous quarterly dividend of $0.46. This represents a $1.91 annualized dividend and a dividend yield of 2.94%.

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.