Unilever PLC (NYSE:UL) Shares Sold by Pavion Blue Capital LLC

Pavion Blue Capital LLC lowered its position in Unilever PLC (NYSE:UL) by 0.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,755 shares of the company’s stock after selling 250 shares during the quarter. Unilever accounts for approximately 1.4% of Pavion Blue Capital LLC’s holdings, making the stock its 21st biggest holding. Pavion Blue Capital LLC’s holdings in Unilever were worth $2,972,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in shares of Unilever by 26.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,384,944 shares of the company’s stock valued at $241,145,000 after purchasing an additional 911,443 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of Unilever by 19.3% in the 1st quarter. Lazard Asset Management LLC now owns 4,132,640 shares of the company’s stock valued at $207,416,000 after purchasing an additional 668,913 shares in the last quarter. Equity Investment Corp raised its stake in shares of Unilever by 107.1% in the 1st quarter. Equity Investment Corp now owns 2,910,751 shares of the company’s stock valued at $146,091,000 after purchasing an additional 1,505,233 shares in the last quarter. Saratoga Research & Investment Management raised its stake in shares of Unilever by 0.8% in the 2nd quarter. Saratoga Research & Investment Management now owns 2,767,207 shares of the company’s stock valued at $152,169,000 after purchasing an additional 22,325 shares in the last quarter. Finally, Fiera Capital Corp raised its stake in shares of Unilever by 1,866.0% in the 2nd quarter. Fiera Capital Corp now owns 2,135,859 shares of the company’s stock valued at $117,451,000 after purchasing an additional 2,027,221 shares in the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Trading Down 1.0 %

NYSE UL opened at $61.69 on Friday. Unilever PLC has a 52 week low of $46.16 and a 52 week high of $65.87. The stock has a market cap of $154.42 billion, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 1.86 and a beta of 0.48. The company has a 50-day moving average price of $63.79 and a two-hundred day moving average price of $58.04.

Unilever Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be given a $0.4755 dividend. This is a boost from Unilever’s previous dividend of $0.35. The ex-dividend date of this dividend is Friday, November 8th. Unilever’s dividend payout ratio is 55.62%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on UL. UBS Group upgraded shares of Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and upped their target price for the company from $47.00 to $72.00 in a research note on Thursday, August 22nd. TD Cowen initiated coverage on shares of Unilever in a research report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price objective for the company. Finally, StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a research report on Friday, October 4th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Unilever currently has an average rating of “Hold” and a consensus 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.