Americana Partners LLC Reduces Stake in Unilever PLC (NYSE:UL)

Americana Partners LLC trimmed its position in shares of Unilever PLC (NYSE:UL) by 6.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,077 shares of the company’s stock after selling 2,127 shares during the period. Americana Partners LLC’s holdings in Unilever were worth $1,875,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Fisher Asset Management LLC increased its holdings in Unilever by 7.1% in the 3rd quarter. Fisher Asset Management LLC now owns 16,726,400 shares of the company’s stock worth $1,086,547,000 after acquiring an additional 1,114,177 shares during the last quarter. Jennison Associates LLC increased its holdings in Unilever by 66.4% in the 4th quarter. Jennison Associates LLC now owns 3,454,686 shares of the company’s stock worth $195,881,000 after acquiring an additional 1,378,517 shares during the last quarter. Hamlin Capital Management LLC increased its holdings in Unilever by 7.8% in the 4th quarter. Hamlin Capital Management LLC now owns 2,874,929 shares of the company’s stock worth $163,008,000 after acquiring an additional 207,549 shares during the last quarter. Bank of Montreal Can raised its position in shares of Unilever by 3.7% in the third quarter. Bank of Montreal Can now owns 1,812,164 shares of the company’s stock valued at $118,588,000 after purchasing an additional 63,835 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Unilever by 18.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,240,653 shares of the company’s stock valued at $70,132,000 after purchasing an additional 190,753 shares during the period. 9.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Sanford C. Bernstein raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Erste Group Bank restated a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Royal Bank of Canada downgraded Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. 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 given a strong buy rating to the company. Based on data from MarketBeat.com, Unilever presently has an average rating of “Hold” and a consensus price target of $61.75.

Unilever Stock Down 1.9 %

Unilever stock opened at $54.89 on Tuesday. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87. The firm’s fifty day moving average price is $57.13 and its 200-day moving average price is $60.29.

Unilever Cuts Dividend

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

Unilever Company 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.