Chevy Chase Trust Holdings LLC Acquires 4,651 Shares of Unilever PLC (NYSE:UL)

Chevy Chase Trust Holdings LLC increased its holdings in Unilever PLC (NYSE:UL) by 1.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 411,204 shares of the company’s stock after buying an additional 4,651 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Unilever were worth $23,315,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Golden State Wealth Management LLC purchased a new position in Unilever in the fourth quarter valued at approximately $26,000. Financial Life Planners purchased a new position in Unilever in the fourth quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in Unilever in the third quarter valued at approximately $35,000. Brooklyn Investment Group purchased a new position in Unilever in the third quarter valued at approximately $40,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in Unilever in the fourth quarter valued at approximately $36,000. 9.67% of the stock is owned by institutional investors.

Unilever Trading Down 1.9 %

Shares of UL 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 stock has a 50-day moving average price of $57.13 and a 200-day moving average price of $60.30.

Unilever Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.4674 per share. 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.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Sanford C. Bernstein upgraded 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 report on Tuesday, November 12th. Finally, Royal Bank of Canada downgraded Unilever from a “sector perform” rating to an “underperform” rating in a research report on Monday, January 6th. Three research analysts have rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $61.75.

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.