Advisors Asset Management Inc. Sells 7,498 Shares of Unilever PLC (NYSE:UL)

Advisors Asset Management Inc. decreased its stake in Unilever PLC (NYSE:UL - Free Report) by 16.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,059 shares of the company's stock after selling 7,498 shares during the period. Advisors Asset Management Inc.'s holdings in Unilever were worth $2,215,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new stake in Unilever in the 4th quarter worth about $26,000. Financial Life Planners purchased a new position in shares of Unilever in the fourth quarter worth about $28,000. Roxbury Financial LLC bought a new stake in shares of Unilever in the fourth quarter valued at approximately $30,000. Mainstream Capital Management LLC bought a new stake in shares of Unilever in the fourth quarter valued at approximately $31,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Unilever during the 4th quarter valued at approximately $36,000. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Unilever Trading Down 0.1 %

Shares of UL traded down $0.04 during trading hours on Tuesday, reaching $58.10. 2,219,045 shares of the company's stock traded hands, compared to its average volume of 2,503,917. Unilever PLC has a 12 month low of $46.46 and a 12 month high of $65.87. The stock has a market cap of $143.93 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 1.60 and a beta of 0.47. The firm's 50 day simple moving average is $57.41 and its 200-day simple moving average is $59.35.

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Unilever Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a $0.4674 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.87 dividend on an annualized basis and a yield of 3.22%. Unilever's dividend payout ratio is presently 53.01%.

Wall Street Analysts Forecast Growth

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

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.