Strategic Advisors LLC Cuts Stock Position in Unilever PLC (NYSE:UL)

Strategic Advisors LLC lessened its holdings in Unilever PLC (NYSE:UL) by 5.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 54,112 shares of the company’s stock after selling 3,000 shares during the quarter. Strategic Advisors LLC’s holdings in Unilever were worth $3,068,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of UL. Creative Financial Designs Inc. ADV increased its holdings in Unilever by 7.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 2,781 shares of the company’s stock valued at $181,000 after buying an additional 181 shares during the period. Timber Creek Capital Management LLC increased its holdings in Unilever by 0.5% during the third quarter. Timber Creek Capital Management LLC now owns 39,530 shares of the company’s stock valued at $2,568,000 after buying an additional 182 shares during the period. Farmers & Merchants Investments Inc. increased its holdings in Unilever by 3.4% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 5,646 shares of the company’s stock valued at $320,000 after buying an additional 185 shares during the period. Alhambra Investment Management LLC increased its holdings in Unilever by 4.2% during the fourth quarter. Alhambra Investment Management LLC now owns 4,586 shares of the company’s stock valued at $260,000 after buying an additional 186 shares during the period. Finally, Phillips Wealth Planners LLC increased its holdings in Unilever by 2.2% during the fourth quarter. Phillips Wealth Planners LLC now owns 8,970 shares of the company’s stock valued at $495,000 after buying an additional 193 shares during the period. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Trading Down 1.9 %

NYSE:UL opened at $54.89 on Monday. Unilever PLC has a 12 month low of $46.46 and a 12 month high of $65.87. The firm has a fifty day simple moving average of $57.13 and a 200-day simple moving average of $60.30.

Unilever Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on UL. Erste Group Bank reissued a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Sanford C. Bernstein raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Royal Bank of Canada lowered shares of Unilever from a “sector perform” rating to an “underperform” rating in a report on Monday, January 6th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $61.75.

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.