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

Blue Trust Inc. trimmed its stake in Unilever PLC (NYSE:UL) by 26.7% in the 4th quarter, HoldingsChannel reports. 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 SEC filing.

Other large investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC acquired a new position in Unilever during the 4th quarter valued at about $26,000. Financial Life Planners acquired a new position in Unilever during the 4th quarter valued at about $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Unilever during the 3rd quarter valued at about $35,000. Newbridge Financial Services Group Inc. acquired a new position in Unilever during the 4th quarter valued at about $36,000. Finally, Brooklyn Investment Group acquired a new position in Unilever during the 3rd quarter valued at about $40,000. 9.67% of the stock is owned by institutional investors.

Unilever Stock Performance

Shares of UL opened at $54.89 on Monday. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87. The stock’s 50-day moving average price is $57.13 and its 200-day moving average price is $60.30.

Unilever Cuts Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on UL shares. Sanford C. Bernstein raised Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. Royal Bank of Canada lowered Unilever from a “sector perform” rating to an “underperform” rating in a report on Monday, January 6th. Finally, StockNews.com lowered 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 given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average 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.