Sound View Wealth Advisors Group LLC lessened its holdings in shares of Unilever N.V. (NYSE:UL) by 2.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,151 shares of the company’s stock after selling 214 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in Unilever were worth $392,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Keebeck Wealth Management LLC purchased a new stake in shares of Unilever in the 2nd quarter valued at $25,000. WASHINGTON TRUST Co bought a new position in shares of Unilever during the first quarter valued at $27,000. MV Capital Management Inc. bought a new stake in shares of Unilever during the second quarter valued at approximately $28,000. CNB Bank purchased a new position in Unilever in the 2nd quarter worth about $30,000. Finally, Hoover Financial Advisors Inc. purchased a new stake in Unilever during the 2nd quarter valued at $31,000. Institutional investors own 7.30% of the company’s stock.
Several research analysts have issued reports on UL shares. Goldman Sachs Group reissued a “buy” rating on shares of Unilever in a research report on Tuesday, July 7th. Zacks Investment Research lowered Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday. UBS Group downgraded Unilever from a “neutral” rating to a “sell” rating in a research report on Monday, June 29th. Morgan Stanley restated a “sell” rating on shares of Unilever in a research report on Wednesday, July 8th. Finally, DZ Bank downgraded Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Unilever currently has a consensus rating of “Hold” and an average price target of $56.50.
Unilever stock traded down $0.05 during trading on Thursday, hitting $60.00. The company had a trading volume of 37,229 shares, compared to its average volume of 872,689. The stock has a market cap of $70.17 billion, a price-to-earnings ratio of 21.00 and a beta of 0.54. Unilever N.V. has a 1-year low of $44.06 and a 1-year high of $64.84. The company’s 50 day simple moving average is $57.86 and its 200-day simple moving average is $54.96.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Friday, August 7th will be given a dividend of $0.4694 per share. This is a positive change from Unilever’s previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Thursday, August 6th. Unilever’s dividend payout ratio (DPR) is currently 65.03%.
Unilever Company Profile
Unilever PLC operates in the fast moving consumer goods industry worldwide. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products primarily under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.
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