Chevy Chase Trust Holdings LLC Purchases 4,651 Shares of Unilever PLC (NYSE:UL)

Chevy Chase Trust Holdings LLC boosted its position in Unilever PLC (NYSE:UL - Free Report) by 1.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 411,204 shares of the company's stock after purchasing an additional 4,651 shares during the period. Chevy Chase Trust Holdings LLC's holdings in Unilever were worth $23,315,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in UL. Golden State Wealth Management LLC acquired a new position in Unilever in the 4th quarter valued at about $26,000. Financial Life Planners acquired a new position in shares of Unilever in the fourth quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Unilever during the third quarter worth approximately $35,000. Newbridge Financial Services Group Inc. acquired a new stake in Unilever during the 4th quarter worth approximately $36,000. Finally, Brooklyn Investment Group bought a new stake in Unilever in the 3rd quarter valued at $40,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. StockNews.com upgraded Unilever from a "hold" rating to a "buy" rating in a research report on Tuesday. Sanford C. Bernstein upgraded shares of Unilever from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 9th. Erste Group Bank restated a "hold" rating on shares of Unilever in a research report on Tuesday, November 19th. Finally, Royal Bank of Canada downgraded shares of Unilever from a "sector perform" rating to an "underperform" rating in a research report on Monday, January 6th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $61.75.

Unilever Price Performance

Shares of Unilever stock traded up $0.73 during trading on Wednesday, reaching $55.65. 4,538,161 shares of the company's stock were exchanged, compared to its average volume of 2,723,883. The firm's 50-day moving average price is $56.97 and its 200 day moving average price is $60.19. Unilever PLC has a 1-year low of $46.46 and a 1-year high of $65.87.

Unilever Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a $0.4674 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.87 dividend on an annualized basis and a yield of 3.36%.

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.