Marcum Wealth LLC Sells 493 Shares of Unilever PLC (NYSE:UL)

Marcum Wealth LLC trimmed its holdings in shares of Unilever PLC (NYSE:UL) by 5.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,100 shares of the company’s stock after selling 493 shares during the period. Marcum Wealth LLC’s holdings in Unilever were worth $500,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Red Tortoise LLC bought a new stake in shares of Unilever during the 1st quarter valued at $26,000. Rise Advisors LLC bought a new position in Unilever in the 1st quarter worth about $28,000. Quent Capital LLC bought a new position in Unilever in the 1st quarter worth about $28,000. YHB Investment Advisors Inc. bought a new position in shares of Unilever during the first quarter valued at approximately $30,000. Finally, Voisard Asset Management Group Inc. bought a new position in shares of Unilever during the fourth quarter valued at approximately $31,000. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. TD Cowen assumed coverage on shares of Unilever in a report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price target for the company. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research report on Saturday. UBS Group upgraded shares of Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. Argus boosted their price target on shares of Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Finally, JPMorgan Chase & Co. raised shares of Unilever from an “underweight” rating to an “overweight” rating in a research note on Thursday, May 23rd. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Unilever currently has an average rating of “Hold” and an average price target of $58.33.

Unilever Stock Down 2.9 %

Unilever stock traded down $1.82 during trading hours on Monday, reaching $60.72. 3,949,942 shares of the stock were exchanged, compared to its average volume of 2,819,406. Unilever PLC has a 52-week low of $46.16 and a 52-week high of $62.65. The firm’s 50 day moving average is $56.68 and its 200 day moving average is $52.35.

Unilever Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 9th will be paid a $0.4773 dividend. This represents a $1.91 dividend on an annualized basis and a yield of 3.14%. This is a boost from Unilever’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, August 9th.

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.