Rhumbline Advisers Sells 4,899 Shares of Unilever PLC (NYSE:UL)

Rhumbline Advisers cut its holdings in shares of Unilever PLC (NYSE:UL - Free Report) by 8.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,192 shares of the company's stock after selling 4,899 shares during the quarter. Rhumbline Advisers' holdings in Unilever were worth $3,073,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UL. Golden State Wealth Management LLC bought a new stake in Unilever during the 4th quarter worth about $26,000. Financial Life Planners bought a new stake in Unilever during the 4th quarter worth about $28,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Unilever during the 4th quarter worth about $36,000. Brooklyn Investment Group acquired a new position in shares of Unilever during the 3rd quarter worth about $40,000. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Unilever during the 4th quarter worth about $40,000. 9.67% of the stock is owned by institutional investors.

Unilever Stock Performance

UL traded up $1.14 on Monday, reaching $57.74. The company had a trading volume of 2,247,123 shares, compared to its average volume of 2,513,153. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87. The stock has a market cap of $143.28 billion, a P/E ratio of 16.54, a P/E/G ratio of 1.60 and a beta of 0.50. The company's fifty day moving average is $56.60 and its 200 day moving average is $59.90.

Unilever Cuts Dividend

The business 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 dividend on an annualized basis and a yield of 3.24%. Unilever's dividend payout ratio (DPR) is currently 53.01%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on UL. DZ Bank upgraded shares of Unilever from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Sanford C. Bernstein upgraded shares of Unilever from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 9th. StockNews.com lowered shares of Unilever from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Erste Group Bank restated a "hold" rating on shares of Unilever in a research note on Tuesday, November 19th. 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 research analysts have rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.