Norden Group LLC Reduces Holdings in Unilever PLC (NYSE:UL)

Norden Group LLC cut its stake in shares of Unilever PLC (NYSE:UL) by 1.3% in the 4th quarter, HoldingsChannel reports. The fund owned 49,443 shares of the company’s stock after selling 676 shares during the quarter. Norden Group LLC’s holdings in Unilever were worth $2,803,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new stake in Unilever during the 4th quarter valued at about $26,000. Financial Life Planners bought a new position in Unilever during the 4th quarter valued at approximately $28,000. Roxbury Financial LLC bought a new position in Unilever during the 4th quarter valued at approximately $30,000. Brooklyn Investment Group bought a new position in Unilever during the 3rd quarter valued at approximately $40,000. Finally, Newbridge Financial Services Group Inc. bought a new position in Unilever during the 4th quarter valued at approximately $36,000. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Unilever Stock Up 0.3 %

UL stock opened at $56.61 on Friday. Unilever PLC has a twelve month low of $46.46 and a twelve month high of $65.87. The firm has a market cap of $140.48 billion, a PE ratio of 16.22, a price-to-earnings-growth ratio of 1.60 and a beta of 0.50. The business has a 50 day moving average of $56.59 and a 200 day moving average of $59.93.

Unilever Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a dividend of $0.4674 per share. This represents a $1.87 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date is Friday, February 28th. Unilever’s dividend payout ratio (DPR) is presently 53.01%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on UL shares. Sanford C. Bernstein raised Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Royal Bank of Canada lowered Unilever from a “sector perform” rating to an “underperform” rating in a research report on Monday, January 6th. DZ Bank raised Unilever from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. Finally, StockNews.com lowered Unilever from a “buy” rating to a “hold” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Unilever presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.33.

Unilever Profile

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.