Modera Wealth Management LLC Has $15.65 Million Stock Holdings in Unilever PLC (NYSE:UL)

Modera Wealth Management LLC cut its holdings in shares of Unilever PLC (NYSE:UL) by 0.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 240,841 shares of the company’s stock after selling 712 shares during the period. Modera Wealth Management LLC’s holdings in Unilever were worth $15,645,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Financial Management Professionals Inc. raised its stake in shares of Unilever by 75.8% in the first quarter. Financial Management Professionals Inc. now owns 610 shares of the company’s stock worth $31,000 after purchasing an additional 263 shares during the last quarter. Cornerstone Wealth Group LLC bought a new stake in shares of Unilever in the 1st quarter worth $337,000. Breakwater Capital Group raised its holdings in shares of Unilever by 7.6% in the first quarter. Breakwater Capital Group now owns 7,065 shares of the company’s stock valued at $355,000 after purchasing an additional 500 shares during the last quarter. Aviance Capital Partners LLC bought a new position in shares of Unilever during the first quarter valued at about $1,905,000. Finally, Diversified Trust Co boosted its holdings in Unilever by 23.3% during the first quarter. Diversified Trust Co now owns 5,754 shares of the company’s stock worth $289,000 after purchasing an additional 1,086 shares during the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Analyst Ratings Changes

UL has been the topic of several recent analyst reports. TD Cowen assumed coverage on shares of Unilever in a research report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 target price on the stock. Bank of America raised Unilever from an “underperform” rating to a “buy” rating and increased their price target for the company from $47.00 to $72.00 in a research report on Thursday, August 22nd. UBS Group upgraded Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. Finally, StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a research note on Friday, October 4th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $61.75.

Unilever Price Performance

NYSE:UL opened at $61.69 on Friday. The business has a fifty day simple moving average of $63.80 and a two-hundred day simple moving average of $58.20. Unilever PLC has a 1 year low of $46.16 and a 1 year high of $65.87. The company has a market capitalization of $154.42 billion, a P/E ratio of 18.25, a P/E/G ratio of 1.86 and a beta of 0.48.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be paid a $0.4755 dividend. This is an increase from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.90 annualized dividend and a dividend yield of 3.08%. Unilever’s dividend payout ratio (DPR) is presently 55.62%.

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.