Unilever PLC (NYSE:UL) Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its holdings in shares of Unilever PLC (NYSE:UL) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,878 shares of the company’s stock after selling 804 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Unilever were worth $2,769,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in UL. Citigroup Inc. grew its holdings in shares of Unilever by 51.1% during the third quarter. Citigroup Inc. now owns 672,859 shares of the company’s stock worth $33,239,000 after buying an additional 227,681 shares in the last quarter. Manning & Napier Group LLC increased its stake in shares of Unilever by 1.4% during the fourth quarter. Manning & Napier Group LLC now owns 3,332,954 shares of the company’s stock worth $161,582,000 after buying an additional 47,256 shares during the period. International Assets Investment Management LLC increased its stake in Unilever by 3,718.5% in the fourth quarter. International Assets Investment Management LLC now owns 171,641 shares of the company’s stock valued at $8,321,000 after purchasing an additional 167,146 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Unilever by 14.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 762,085 shares of the company’s stock valued at $36,946,000 after purchasing an additional 98,275 shares during the last quarter. Finally, Deutsche Bank AG grew its position in shares of Unilever by 3.4% during the third quarter. Deutsche Bank AG now owns 47,772 shares of the company’s stock worth $2,360,000 after acquiring an additional 1,589 shares during the last quarter. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UL. Morgan Stanley lowered shares of Unilever from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $52.00 to $48.00 in a research report on Tuesday, February 27th. StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a research report on Saturday, April 13th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $48.00.

Unilever Stock Up 0.2 %

UL traded up $0.09 on Tuesday, reaching $48.15. 1,653,585 shares of the company’s stock were exchanged, compared to its average volume of 2,806,196. Unilever PLC has a twelve month low of $46.16 and a twelve month high of $55.99. The company’s 50 day moving average is $49.16 and its 200-day moving average is $48.52.

Unilever Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, February 23rd were issued a $0.4582 dividend. This represents a $1.83 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date was Thursday, February 22nd.

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.