Unilever PLC (NYSE:UL) Shares Sold by Advisory Services Network LLC

Advisory Services Network LLC lowered its position in shares of Unilever PLC (NYSE:UL - Free Report) by 22.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,660 shares of the company's stock after selling 15,057 shares during the period. Advisory Services Network LLC's holdings in Unilever were worth $2,872,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Golden State Wealth Management LLC purchased a new stake in shares of Unilever during the fourth quarter worth approximately $26,000. Financial Life Planners purchased a new position in Unilever during the 4th quarter worth $28,000. VSM Wealth Advisory LLC purchased a new position in Unilever during the 4th quarter worth $28,000. Roxbury Financial LLC acquired a new stake in shares of Unilever in the 4th quarter worth $30,000. Finally, Mainstream Capital Management LLC purchased a new stake in shares of Unilever in the fourth quarter valued at about $31,000. Institutional investors and hedge funds own 9.67% of the company's stock.

Unilever Price Performance

UL traded down $0.14 during midday trading on Tuesday, reaching $62.10. 1,922,249 shares of the company's stock were exchanged, compared to its average volume of 2,613,803. Unilever PLC has a 1-year low of $46.46 and a 1-year high of $65.87. The stock has a market capitalization of $153.83 billion, a PE ratio of 17.79, a P/E/G ratio of 1.60 and a beta of 0.42. The business's 50-day moving average price is $58.30 and its 200 day moving average price is $58.79.

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Unilever Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were issued a $0.4674 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.87 dividend on an annualized basis and a yield of 3.01%. Unilever's dividend payout ratio (DPR) is 53.01%.

Wall Street Analysts Forecast Growth

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

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.