Federated Hermes Inc. Has $6.98 Million Position in Unilever PLC (NYSE:UL)

Federated Hermes Inc. lowered its holdings in shares of Unilever PLC (NYSE:UL - Free Report) by 33.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,084 shares of the company's stock after selling 61,380 shares during the quarter. Federated Hermes Inc.'s holdings in Unilever were worth $6,979,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in shares of Unilever in the 4th quarter valued at approximately $26,000. Financial Life Planners acquired a new position in shares of Unilever during the 4th quarter worth about $28,000. VSM Wealth Advisory LLC bought a new stake in shares of Unilever in the 4th quarter valued at about $28,000. Roxbury Financial LLC acquired a new stake in Unilever in the 4th quarter valued at about $30,000. Finally, Mainstream Capital Management LLC bought a new stake in shares of Unilever in the fourth quarter valued at about $31,000. Institutional investors own 9.67% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented 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 raised Unilever from a "hold" rating to a "buy" rating in a report on Friday, February 21st. StockNews.com raised Unilever from a "hold" rating to a "buy" rating in a report on Friday, March 7th. Finally, Royal Bank of Canada downgraded shares of Unilever from a "sector perform" rating to an "underperform" rating in a research note on Monday, January 6th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $66.33.

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Unilever Stock Down 0.3 %

Shares of UL stock traded down $0.18 during trading hours on Tuesday, hitting $62.06. 1,640,969 shares of the company's stock traded hands, compared to its average volume of 2,611,554. 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 $153.73 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 1.60 and a beta of 0.42. The stock's 50 day simple moving average is $58.30 and its 200 day simple moving average is $58.79.

Unilever Cuts Dividend

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