Valeo Financial Advisors LLC Has $970,000 Position in Unilever PLC (NYSE:UL)

Valeo Financial Advisors LLC reduced its stake in shares of Unilever PLC (NYSE:UL) by 20.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,325 shares of the company’s stock after selling 5,072 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Unilever were worth $970,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Citigroup Inc. raised its stake in Unilever by 51.1% during the third quarter. Citigroup Inc. now owns 672,859 shares of the company’s stock worth $33,239,000 after acquiring an additional 227,681 shares in the last quarter. Allen Wealth Management LLC acquired a new position in Unilever during the fourth quarter worth $2,415,000. Principal Securities Inc. acquired a new position in Unilever during the fourth quarter worth $1,131,000. Virtu Financial LLC acquired a new position in Unilever during the fourth quarter worth $867,000. Finally, Levin Capital Strategies L.P. raised its stake in Unilever by 35.7% during the fourth quarter. Levin Capital Strategies L.P. now owns 428,269 shares of the company’s stock worth $20,762,000 after acquiring an additional 112,677 shares in the last quarter. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on UL shares. Argus increased their target price on Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Redburn Atlantic upgraded Unilever from a “neutral” rating to a “buy” rating in a report on Friday, June 7th. JPMorgan Chase & Co. upgraded Unilever from an “underweight” rating to an “overweight” rating in a report on Thursday, May 23rd. Finally, StockNews.com cut Unilever from a “buy” rating to a “hold” rating in a report on Thursday, June 27th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $54.00.

Unilever Price Performance

Unilever stock traded up $0.17 during mid-day trading on Wednesday, hitting $54.99. The stock had a trading volume of 921,631 shares, compared to its average volume of 2,749,595. The stock has a 50-day simple moving average of $54.31 and a two-hundred day simple moving average of $50.79. Unilever PLC has a 12 month low of $46.16 and a 12 month high of $56.47.

Unilever Cuts Dividend

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

Unilever Company 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.