Unilever PLC (NYSE:UL) Position Reduced by Timber Creek Capital Management LLC

Timber Creek Capital Management LLC cut its position in shares of Unilever PLC (NYSE:UL) by 5.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,348 shares of the company’s stock after selling 2,454 shares during the quarter. Timber Creek Capital Management LLC’s holdings in Unilever were worth $2,164,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of UL. Red Tortoise LLC purchased a new stake in shares of Unilever in the first quarter worth approximately $26,000. Rise Advisors LLC purchased a new stake in shares of Unilever in the first quarter worth approximately $28,000. Quent Capital LLC purchased a new stake in shares of Unilever in the first quarter worth approximately $28,000. ST Germain D J Co. Inc. lifted its position in shares of 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 purchasing an additional 428 shares in the last quarter. Finally, YHB Investment Advisors Inc. purchased a new stake in shares of Unilever in the first quarter worth approximately $30,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Stock Down 0.6 %

UL stock traded down $0.36 during midday trading on Friday, hitting $60.99. The stock had a trading volume of 3,448,717 shares, compared to its average volume of 2,826,747. Unilever PLC has a 52 week low of $46.16 and a 52 week high of $62.65. The stock has a 50-day simple moving average of $57.87 and a 200 day simple moving average of $53.21.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 9th will be issued a dividend of $0.4773 per share. The ex-dividend date of this dividend is Friday, August 9th. This is a boost from Unilever’s previous quarterly dividend of $0.46. This represents a $1.91 dividend on an annualized basis and a dividend yield of 3.13%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. upgraded Unilever from an “underweight” rating to an “overweight” rating in a report on Thursday, May 23rd. Argus increased their price objective on Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a report on Saturday, August 3rd. TD Cowen began coverage on Unilever in a report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price objective on the stock. Finally, Redburn Atlantic upgraded Unilever from a “neutral” rating to a “buy” rating in a report on Friday, June 7th. 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 presently has an average rating of “Hold” and an average price target of $58.33.

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.