Apollon Wealth Management LLC Purchases 36,693 Shares of Unilever PLC (NYSE:UL)

Apollon Wealth Management LLC boosted its position in Unilever PLC (NYSE:UL) by 179.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 57,156 shares of the company’s stock after buying an additional 36,693 shares during the quarter. Apollon Wealth Management LLC’s holdings in Unilever were worth $2,771,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sage Rhino Capital LLC lifted its stake in shares of Unilever by 2.4% during the 3rd quarter. Sage Rhino Capital LLC now owns 9,066 shares of the company’s stock valued at $448,000 after buying an additional 215 shares in the last quarter. Marino Stram & Associates LLC lifted its position in shares of Unilever by 2.2% in the fourth quarter. Marino Stram & Associates LLC now owns 9,963 shares of the company’s stock valued at $483,000 after acquiring an additional 215 shares in the last quarter. Pine Haven Investment Counsel Inc boosted its stake in shares of Unilever by 3.7% in the fourth quarter. Pine Haven Investment Counsel Inc now owns 6,133 shares of the company’s stock worth $297,000 after acquiring an additional 216 shares during the period. Avidian Wealth Solutions LLC grew its position in shares of Unilever by 1.0% during the fourth quarter. Avidian Wealth Solutions LLC now owns 21,616 shares of the company’s stock worth $1,048,000 after purchasing an additional 216 shares in the last quarter. Finally, Baystate Wealth Management LLC raised its stake in Unilever by 29.9% during the 4th quarter. Baystate Wealth Management LLC now owns 948 shares of the company’s stock valued at $46,000 after purchasing an additional 218 shares during the period. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Trading Up 1.0 %

UL stock traded up $0.51 during midday trading on Tuesday, reaching $52.66. 3,589,224 shares of the company traded hands, compared to its average volume of 2,915,159. The business has a 50 day moving average of $49.24 and a 200-day moving average of $48.72. Unilever PLC has a 52-week low of $46.16 and a 52-week high of $55.63.

Unilever Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be given a $0.4556 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.82 dividend on an annualized basis and a yield of 3.46%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on UL shares. StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Morgan Stanley downgraded Unilever from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $52.00 to $48.00 in a research report on Tuesday, February 27th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average 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.