Chevy Chase Trust Holdings LLC Has $23.32 Million Position in Unilever PLC (NYSE:UL)

Chevy Chase Trust Holdings LLC boosted its stake in shares of Unilever PLC (NYSE:UL) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 411,204 shares of the company’s stock after buying an additional 4,651 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Unilever were worth $23,315,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Golden State Wealth Management LLC acquired a new position in shares of Unilever in the 4th quarter valued at about $26,000. Financial Life Planners acquired a new position in shares of Unilever in the 4th quarter valued at about $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Unilever in the 3rd quarter valued at about $35,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Unilever in the 4th quarter valued at about $36,000. Finally, Brooklyn Investment Group acquired a new position in shares of Unilever in the 3rd quarter valued at about $40,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on UL shares. Royal Bank of Canada downgraded Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. StockNews.com lowered Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Sanford C. Bernstein raised Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Three analysts have rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $61.75.

Unilever Price Performance

Shares of UL opened at $54.89 on Friday. The stock has a 50 day moving average price of $57.13 and a two-hundred day moving average price of $60.30. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87.

Unilever Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a $0.4674 dividend. This represents a $1.87 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Friday, February 28th.

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.