Polen Capital Management LLC reduced its stake in Unilever PLC (NYSE:UL - Free Report) by 5.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 244,122 shares of the company's stock after selling 13,682 shares during the period. Polen Capital Management LLC's holdings in Unilever were worth $13,842,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Pinion Investment Advisors LLC raised its holdings in Unilever by 2.0% in the 4th quarter. Pinion Investment Advisors LLC now owns 9,250 shares of the company's stock valued at $524,000 after buying an additional 177 shares during the period. Timber Creek Capital Management LLC increased its stake in Unilever by 0.5% during the third quarter. Timber Creek Capital Management LLC now owns 39,530 shares of the company's stock worth $2,568,000 after purchasing an additional 182 shares during the period. Farmers & Merchants Investments Inc. increased its stake in Unilever by 3.4% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 5,646 shares of the company's stock worth $320,000 after purchasing an additional 185 shares during the period. Creative Financial Designs Inc. ADV increased its stake in Unilever by 6.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,966 shares of the company's stock worth $168,000 after purchasing an additional 185 shares during the period. Finally, Alhambra Investment Management LLC increased its stake in Unilever by 4.2% during the fourth quarter. Alhambra Investment Management LLC now owns 4,586 shares of the company's stock worth $260,000 after purchasing an additional 186 shares during the period. 9.67% of the stock is currently owned by hedge funds and other institutional investors.
Unilever Price Performance
Shares of UL stock traded up $0.34 during trading hours on Thursday, reaching $59.26. 2,840,440 shares of the stock were exchanged, compared to its average volume of 2,510,095. The business's fifty day moving average is $57.15 and its two-hundred day moving average is $59.57. Unilever PLC has a 12-month low of $46.46 and a 12-month high of $65.87. The firm has a market capitalization of $147.04 billion, a P/E ratio of 16.98, a P/E/G ratio of 1.60 and a beta of 0.47.
Unilever Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a dividend of $0.4674 per share. The ex-dividend date is Friday, February 28th. This represents a $1.87 dividend on an annualized basis and a dividend yield of 3.16%. Unilever's payout ratio is 53.01%.
Wall Street Analyst Weigh In
UL has been the topic of a number of recent research reports. StockNews.com upgraded shares of Unilever from a "hold" rating to a "buy" rating in a research note on Friday, March 7th. Sanford C. Bernstein upgraded shares of Unilever from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 9th. DZ Bank upgraded shares of Unilever from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Finally, 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. Two analysts have rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Unilever presently has a consensus rating of "Moderate Buy" and a consensus target price of $66.33.
Read Our Latest Analysis on UL
About Unilever
(
Free Report)
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.
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