Blue Trust Inc. Sells 4,939 Shares of Unilever PLC (NYSE:UL)

Blue Trust Inc. decreased its position in Unilever PLC (NYSE:UL) by 26.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,541 shares of the company’s stock after selling 4,939 shares during the quarter. Blue Trust Inc.’s holdings in Unilever were worth $768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in UL. Golden State Wealth Management LLC bought a new stake in Unilever in the 4th quarter worth approximately $26,000. Financial Life Planners purchased a new position in shares of Unilever in the 4th quarter worth approximately $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Unilever in the 3rd quarter worth approximately $35,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Unilever in the 4th quarter worth approximately $36,000. Finally, Brooklyn Investment Group purchased a new position in shares of Unilever in the 3rd quarter worth approximately $40,000. Institutional investors own 9.67% of the company’s stock.

Analysts Set New Price Targets

UL has been the subject of a number of recent analyst reports. Royal Bank of Canada cut Unilever from a “sector perform” rating to an “underperform” rating in a report on Monday, January 6th. StockNews.com cut Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Sanford C. Bernstein upgraded Unilever from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. Finally, Erste Group Bank restated a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Three investment 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. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $61.75.

Unilever Trading Down 1.9 %

Shares of UL stock opened at $54.89 on Monday. Unilever PLC has a twelve month low of $46.46 and a twelve month high of $65.87. The stock has a fifty day simple moving average of $57.13 and a two-hundred day simple moving average of $60.30.

Unilever Cuts Dividend

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

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.