Fullcircle Wealth LLC Decreases Holdings in Unilever PLC (NYSE:UL)

Fullcircle Wealth LLC lessened its stake in shares of Unilever PLC (NYSE:UL) by 0.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,946 shares of the company’s stock after selling 215 shares during the quarter. Unilever comprises about 1.5% of Fullcircle Wealth LLC’s holdings, making the stock its 12th biggest holding. Fullcircle Wealth LLC’s holdings in Unilever were worth $3,499,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Diversified Trust Co lifted its stake in Unilever by 23.3% in the 1st quarter. Diversified Trust Co now owns 5,754 shares of the company’s stock valued at $289,000 after buying an additional 1,086 shares in the last quarter. Diversify Advisory Services LLC purchased a new stake in Unilever during the 1st quarter worth about $863,000. Mission Wealth Management LP raised its stake in Unilever by 20.4% in the 1st quarter. Mission Wealth Management LP now owns 6,636 shares of the company’s stock valued at $333,000 after purchasing an additional 1,125 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Unilever by 5.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,958 shares of the company’s stock worth $2,608,000 after purchasing an additional 2,833 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Unilever by 3.6% during the first quarter. Janney Montgomery Scott LLC now owns 466,277 shares of the company’s stock worth $23,402,000 after buying an additional 16,280 shares in the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on UL. Bank of America raised shares of Unilever from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $47.00 to $72.00 in a research note on Thursday, August 22nd. TD Cowen assumed coverage on Unilever in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 target price for the company. UBS Group raised 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 report on Friday, October 4th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $61.75.

Unilever Stock Performance

Shares of NYSE UL traded up $0.41 during midday trading on Friday, hitting $61.32. The stock had a trading volume of 1,789,242 shares, compared to its average volume of 1,564,322. Unilever PLC has a 1-year low of $46.46 and a 1-year high of $65.87. The company has a fifty day moving average price of $63.76 and a 200 day moving average price of $58.63.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be given a dividend of $0.4755 per share. This represents a $1.90 dividend on an annualized basis and a yield of 3.10%. This is a boost from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, November 8th.

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.