Unilever PLC (NYSE:UL) Stock Position Decreased by IHT Wealth Management LLC

IHT Wealth Management LLC lessened its stake in Unilever PLC (NYSE:UL - Free Report) by 31.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,483 shares of the company's stock after selling 5,298 shares during the quarter. IHT Wealth Management LLC's holdings in Unilever were worth $651,000 at the end of the most recent quarter.

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

Unilever Stock Performance

Shares of Unilever stock traded up $0.55 during trading on Monday, reaching $63.17. The company had a trading volume of 1,938,932 shares, compared to its average volume of 2,573,789. The company has a market cap of $155.79 billion, a price-to-earnings ratio of 18.10, a price-to-earnings-growth ratio of 1.60 and a beta of 0.42. The firm's fifty day moving average is $59.62 and its 200-day moving average is $58.80. Unilever PLC has a fifty-two week low of $51.34 and a fifty-two week high of $65.87.

Unilever Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 16th will be paid a $0.5151 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date is Friday, May 16th. This is a positive change from Unilever's previous quarterly dividend of $0.47. Unilever's dividend payout ratio is 59.03%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. StockNews.com downgraded shares of Unilever from a "buy" rating to a "hold" rating in a research note on Friday, April 18th. Sanford C. Bernstein raised shares of Unilever from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 9th. 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. Finally, DZ Bank raised shares of Unilever from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Two analysts have rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Unilever currently has a consensus rating of "Moderate Buy" and a consensus price target of $66.33.

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.