TD Private Client Wealth LLC Lowers Holdings in Unilever PLC (NYSE:UL)

TD Private Client Wealth LLC trimmed its position in Unilever PLC (NYSE:UL) by 5.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,858 shares of the company’s stock after selling 875 shares during the period. TD Private Client Wealth LLC’s holdings in Unilever were worth $899,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Pinion Investment Advisors LLC boosted its stake in Unilever by 2.0% during the fourth quarter. Pinion Investment Advisors LLC now owns 9,250 shares of the company’s stock valued at $524,000 after buying an additional 177 shares during the period. Timber Creek Capital Management LLC boosted its position in shares of Unilever by 0.5% during the 3rd quarter. Timber Creek Capital Management LLC now owns 39,530 shares of the company’s stock valued at $2,568,000 after acquiring an additional 182 shares during the last quarter. Farmers & Merchants Investments Inc. grew its holdings in shares of Unilever by 3.4% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 5,646 shares of the company’s stock worth $320,000 after purchasing an additional 185 shares in the last quarter. Creative Financial Designs Inc. ADV increased its position in shares of Unilever by 6.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,966 shares of the company’s stock worth $168,000 after purchasing an additional 185 shares during the last quarter. Finally, Alhambra Investment Management LLC raised its stake in Unilever by 4.2% in the fourth quarter. Alhambra Investment Management LLC now owns 4,586 shares of the company’s stock valued at $260,000 after purchasing an additional 186 shares in the last quarter. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Unilever Stock Down 1.0 %

NYSE UL opened at $58.64 on Monday. The company has a 50-day simple moving average of $57.28 and a two-hundred day simple moving average of $59.45. Unilever PLC has a 12-month low of $46.46 and a 12-month high of $65.87. The firm has a market cap of $145.25 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 1.60 and a beta of 0.47.

Unilever Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors 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 yield of 3.19%. The ex-dividend date is Friday, February 28th. Unilever’s dividend payout ratio is presently 53.01%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Sanford C. Bernstein raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Royal Bank of Canada downgraded Unilever from a “sector perform” rating to an “underperform” rating in a research report on Monday, January 6th. Finally, DZ Bank upgraded Unilever from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Two research analysts have rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $66.33.

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.