Trillium Asset Management LLC lessened its stake in Unilever PLC (NYSE:UL - Free Report) by 4.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 790,970 shares of the company's stock after selling 38,568 shares during the quarter. Unilever comprises approximately 1.2% of Trillium Asset Management LLC's investment portfolio, making the stock its 16th biggest holding. Trillium Asset Management LLC's holdings in Unilever were worth $44,848,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UL. Fisher Asset Management LLC grew its position in shares of Unilever by 7.3% during the 4th quarter. Fisher Asset Management LLC now owns 17,940,963 shares of the company's stock worth $1,017,253,000 after buying an additional 1,214,563 shares during the period. Jennison Associates LLC grew its position in shares of Unilever by 66.4% during the 4th quarter. Jennison Associates LLC now owns 3,454,686 shares of the company's stock worth $195,881,000 after buying an additional 1,378,517 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Unilever during the 4th quarter worth approximately $176,806,000. Hamlin Capital Management LLC grew its position in shares of Unilever by 7.8% during the 4th quarter. Hamlin Capital Management LLC now owns 2,874,929 shares of the company's stock worth $163,008,000 after buying an additional 207,549 shares during the period. Finally, Equity Investment Corp grew its holdings in Unilever by 1.7% during the fourth quarter. Equity Investment Corp now owns 2,169,194 shares of the company's stock valued at $122,993,000 after purchasing an additional 36,922 shares during the period. Institutional investors and hedge funds own 9.67% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the stock. StockNews.com raised shares of Unilever from a "hold" rating to a "buy" rating in a research note on Friday, March 7th. DZ Bank raised shares of Unilever from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Sanford C. Bernstein raised shares of Unilever from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 9th. 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, one has given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $66.33.
Read Our Latest Stock Report on UL
Unilever Stock Down 1.0 %
Shares of UL stock traded down $0.60 during trading on Friday, reaching $58.64. The company's stock had a trading volume of 2,248,669 shares, compared to its average volume of 2,511,228. The business has a fifty day moving average price of $57.28 and a 200-day moving average price of $59.49. The company has a market cap of $145.50 billion, a price-to-earnings ratio of 16.80, a price-to-earnings-growth ratio of 1.60 and a beta of 0.47. Unilever PLC has a one year low of $46.46 and a one year high of $65.87.
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 issued 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 yield of 3.19%. Unilever's payout ratio is 53.01%.
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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