Prime Capital Investment Advisors LLC Sells 31,043 Shares of Unilever PLC (NYSE:UL)

Prime Capital Investment Advisors LLC trimmed its holdings in Unilever PLC (NYSE:UL - Free Report) by 30.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,331 shares of the company's stock after selling 31,043 shares during the quarter. Prime Capital Investment Advisors LLC's holdings in Unilever were worth $4,634,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. ST Germain D J Co. Inc. boosted its holdings in Unilever by 423.8% in the second quarter. ST Germain D J Co. Inc. now owns 529 shares of the company's stock valued at $29,000 after acquiring an additional 428 shares during the last quarter. Abich Financial Wealth Management LLC boosted its holdings in Unilever by 393.5% during the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company's stock worth $29,000 after buying an additional 425 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new position in Unilever during the third quarter worth about $35,000. 1620 Investment Advisors Inc. bought a new position in shares of Unilever during the 2nd quarter valued at about $30,000. Finally, Jamison Private Wealth Management Inc. lifted its holdings in shares of Unilever by 202.5% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company's stock valued at $39,000 after purchasing an additional 405 shares in the last quarter. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Trading Down 0.3 %

Shares of NYSE:UL traded down $0.18 during trading on Wednesday, hitting $57.39. 1,733,801 shares of the company were exchanged, compared to its average volume of 2,592,646. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87. The firm has a fifty day moving average price of $63.06 and a two-hundred day moving average price of $59.33. The stock has a market cap of $142.87 billion, a price-to-earnings ratio of 16.98, a P/E/G ratio of 1.74 and a beta of 0.49.

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 dividend of $0.4755 per share. This is an increase from Unilever's previous quarterly dividend of $0.35. This represents a $1.90 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend is Friday, November 8th. Unilever's payout ratio is currently 55.62%.

Wall Street Analysts Forecast Growth

UL has been the topic of a number of recent research reports. StockNews.com lowered Unilever from a "buy" rating to a "hold" rating in a research report on Tuesday. Bank of America raised Unilever from an "underperform" rating to a "buy" rating and lifted their target price for the company from $47.00 to $72.00 in a research report on Thursday, August 22nd. TD Cowen initiated coverage on Unilever in a research report on Tuesday, July 23rd. They issued a "buy" rating and a $67.00 target price on the stock. Finally, UBS Group raised Unilever to a "strong sell" rating in a research report on Tuesday, July 30th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Unilever presently has a consensus rating of "Hold" and an average 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.