Northstar Asset Management Inc. Sells 11,470 Shares of Unilever PLC (NYSE:UL)

Northstar Asset Management Inc. cut its holdings in shares of Unilever PLC (NYSE:UL - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 261,777 shares of the company's stock after selling 11,470 shares during the period. Unilever makes up approximately 3.9% of Northstar Asset Management Inc.'s holdings, making the stock its 9th biggest position. Northstar Asset Management Inc.'s holdings in Unilever were worth $14,843,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in UL. Raelipskie Partnership boosted its position in shares of Unilever by 5.8% in the 4th quarter. Raelipskie Partnership now owns 15,082 shares of the company's stock valued at $855,000 after purchasing an additional 825 shares during the period. Sanctuary Advisors LLC lifted its stake in Unilever by 7.9% during the fourth quarter. Sanctuary Advisors LLC now owns 112,789 shares of the company's stock valued at $6,576,000 after buying an additional 8,279 shares in the last quarter. Nicholas Hoffman & Company LLC. boosted its holdings in shares of Unilever by 4.7% in the fourth quarter. Nicholas Hoffman & Company LLC. now owns 35,898 shares of the company's stock worth $2,035,000 after buying an additional 1,608 shares during the period. Sierra Ocean LLC purchased a new position in shares of Unilever in the fourth quarter worth approximately $315,000. Finally, Keystone Financial Services raised its holdings in shares of Unilever by 5.7% during the fourth quarter. Keystone Financial Services now owns 12,174 shares of the company's stock valued at $690,000 after acquiring an additional 652 shares during the period. 9.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

UL has been the subject of a number of recent analyst reports. Royal Bank of Canada lowered 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 research report on Tuesday. Sanford C. Bernstein raised Unilever from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 9th. DZ Bank upgraded Unilever from a "hold" rating to a "buy" rating in a research report on Friday. Finally, Erste Group Bank reiterated a "hold" rating on shares of Unilever in a report on Tuesday, November 19th. Three 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 data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $61.75.

Unilever Stock Performance

NYSE UL traded up $0.60 on Friday, reaching $56.14. The stock had a trading volume of 2,742,748 shares, compared to its average volume of 2,727,069. Unilever PLC has a 1 year low of $46.46 and a 1 year high of $65.87. The business has a 50 day moving average price of $56.79 and a 200 day moving average price of $60.09.

Unilever Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a $0.4674 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.87 annualized dividend and a dividend yield of 3.33%.

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.