Avidian Wealth Solutions LLC Purchases 216 Shares of Unilever PLC (NYSE:UL)

Avidian Wealth Solutions LLC raised its holdings in shares of Unilever PLC (NYSE:UL) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 21,616 shares of the company’s stock after purchasing an additional 216 shares during the period. Avidian Wealth Solutions LLC’s holdings in Unilever were worth $1,048,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. increased its holdings in Unilever by 3.3% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 118,430 shares of the company’s stock valued at $5,850,000 after buying an additional 3,765 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Unilever by 1.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 331,022 shares of the company’s stock valued at $16,352,000 after acquiring an additional 5,868 shares during the period. Stratos Wealth Partners LTD. lifted its holdings in Unilever by 132.6% during the third quarter. Stratos Wealth Partners LTD. now owns 21,081 shares of the company’s stock valued at $1,041,000 after purchasing an additional 12,019 shares in the last quarter. Stratos Wealth Advisors LLC boosted its position in shares of Unilever by 6.8% in the third quarter. Stratos Wealth Advisors LLC now owns 6,541 shares of the company’s stock worth $323,000 after purchasing an additional 418 shares during the period. Finally, Brown Advisory Inc. increased its stake in shares of Unilever by 7.2% in the third quarter. Brown Advisory Inc. now owns 815,204 shares of the company’s stock worth $40,271,000 after purchasing an additional 54,947 shares in the last quarter. 9.67% of the stock is currently owned by institutional investors.

Unilever Stock Up 0.2 %

UL stock traded up $0.11 during mid-day trading on Friday, hitting $52.13. The company had a trading volume of 4,413,133 shares, compared to its average volume of 3,468,891. The company has a 50-day moving average price of $49.21 and a 200 day moving average price of $48.69. Unilever PLC has a 12-month low of $46.16 and a 12-month high of $55.69.

Unilever Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be paid a dividend of $0.4556 per share. This represents a $1.82 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend is Thursday, May 16th.

Analyst Ratings Changes

Several research analysts recently weighed in on UL shares. Morgan Stanley downgraded shares of Unilever from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $52.00 to $48.00 in a report on Tuesday, February 27th. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $48.00.

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.