Bank of Montreal Can Sells 1,199,168 Shares of Unilever PLC (NYSE:UL)

Bank of Montreal Can trimmed its position in Unilever PLC (NYSE:UL - Free Report) by 66.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 612,996 shares of the company's stock after selling 1,199,168 shares during the quarter. Bank of Montreal Can's holdings in Unilever were worth $34,757,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

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

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Unilever Stock Performance

Shares of UL traded down $0.10 during trading hours on Tuesday, hitting $62.14. The company had a trading volume of 1,737,237 shares, compared to its average volume of 2,612,122. The stock has a market capitalization of $153.94 billion, a price-to-earnings ratio of 17.80, a P/E/G ratio of 1.60 and a beta of 0.42. The firm has a fifty day moving average price of $58.30 and a 200-day moving average price of $58.79. Unilever PLC has a 52-week low of $46.46 and a 52-week high of $65.87.

Unilever Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors 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 payout ratio is currently 53.01%.

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.