Unilever PLC (NYSE:UL) Shares Sold by Spinnaker Trust

Spinnaker Trust decreased its holdings in shares of Unilever PLC (NYSE:UL) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,255 shares of the company’s stock after selling 230 shares during the quarter. Spinnaker Trust’s holdings in Unilever were worth $468,000 at the end of the most recent quarter.

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

Unilever Price Performance

UL stock opened at $54.89 on Friday. Unilever PLC has a 12 month low of $46.46 and a 12 month high of $65.87. The firm has a 50 day simple moving average of $57.13 and a 200 day simple moving average of $60.30.

Unilever Cuts Dividend

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

Wall Street Analyst Weigh In

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

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.