Cullen Capital Management LLC Sells 101,360 Shares of Unilever PLC (NYSE:UL)

Cullen Capital Management LLC lowered its stake in shares of Unilever PLC (NYSE:UL - Free Report) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,639,907 shares of the company's stock after selling 101,360 shares during the quarter. Unilever accounts for 1.7% of Cullen Capital Management LLC's investment portfolio, making the stock its 29th largest holding. Cullen Capital Management LLC owned 0.11% of Unilever worth $149,683,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of UL. Golden State Wealth Management LLC purchased a new stake in shares of Unilever during the fourth quarter valued at approximately $26,000. Financial Life Planners bought a new position in Unilever in the 4th quarter valued at $28,000. VSM Wealth Advisory LLC purchased a new stake in shares of Unilever during the 4th quarter valued at $28,000. Roxbury Financial LLC bought a new stake in shares of Unilever during the 4th quarter worth $30,000. Finally, Mainstream Capital Management LLC bought a new position in Unilever during the fourth quarter valued at about $31,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Stock Performance

NYSE UL traded down $0.06 during trading hours on Thursday, hitting $59.36. The company had a trading volume of 1,949,536 shares, compared to its average volume of 2,848,843. The firm has a market capitalization of $147.04 billion, a price-to-earnings ratio of 17.00, a PEG ratio of 1.60 and a beta of 0.42. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87. The firm has a 50 day simple moving average of $58.09 and a 200 day simple moving average of $58.91.

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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 paid a dividend of $0.4674 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.87 annualized dividend and a yield of 3.15%. Unilever's dividend payout ratio is currently 53.01%.

Analyst Upgrades and Downgrades

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