Clean Yield Group lowered its position in shares of Unilever PLC (NYSE:UL – Free Report) by 1.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 144,503 shares of the company’s stock after selling 2,503 shares during the quarter. Unilever accounts for approximately 2.6% of Clean Yield Group’s investment portfolio, making the stock its 5th biggest holding. Clean Yield Group’s holdings in Unilever were worth $8,193,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of UL. Rhumbline Advisers increased its stake in shares of Unilever by 1.3% in the second quarter. Rhumbline Advisers now owns 56,706 shares of the company’s stock worth $3,118,000 after purchasing an additional 704 shares in the last quarter. Thoroughbred Financial Services LLC raised its holdings in Unilever by 97.5% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 22,366 shares of the company’s stock valued at $1,229,000 after acquiring an additional 11,040 shares during the period. Wealthspire Advisors LLC lifted its position in shares of Unilever by 2.3% during the second quarter. Wealthspire Advisors LLC now owns 15,150 shares of the company’s stock worth $833,000 after acquiring an additional 334 shares in the last quarter. J.W. Cole Advisors Inc. bought a new position in shares of Unilever in the second quarter worth $604,000. Finally, Seven Mile Advisory purchased a new position in shares of Unilever in the second quarter valued at $246,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have weighed in on UL. Royal Bank of Canada lowered Unilever from a “sector perform” rating to an “underperform” rating in a report on Monday, January 6th. StockNews.com lowered Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Erste Group Bank restated a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $61.75.
Unilever Price Performance
NYSE UL traded down $0.13 during trading on Monday, hitting $55.00. 1,224,650 shares of the company’s stock traded hands, compared to its average volume of 2,067,717. The firm has a market cap of $136.29 billion, a P/E ratio of 16.57, a PEG ratio of 1.80 and a beta of 0.49. The stock has a fifty day moving average of $58.13 and a two-hundred day moving average of $60.35. Unilever PLC has a 12-month low of $46.46 and a 12-month high of $65.87.
Unilever Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 8th were paid a $0.4755 dividend. This is a boost from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend was Friday, November 8th. Unilever’s payout ratio is 56.63%.
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.
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