Wellington Management Group LLP Trims Stake in Unilever PLC (NYSE:UL)

Wellington Management Group LLP lessened its position in shares of Unilever PLC (NYSE:UL - Free Report) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,679,388 shares of the company's stock after selling 334,872 shares during the quarter. Wellington Management Group LLP owned approximately 1.00% of Unilever worth $1,399,321,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Pinion Investment Advisors LLC lifted its stake in shares of Unilever by 2.0% during the fourth quarter. Pinion Investment Advisors LLC now owns 9,250 shares of the company's stock valued at $524,000 after acquiring an additional 177 shares during the period. Tyler Stone Wealth Management lifted its position in Unilever by 2.8% in the 4th quarter. Tyler Stone Wealth Management now owns 6,576 shares of the company's stock valued at $373,000 after acquiring an additional 180 shares in the last quarter. Ausdal Financial Partners Inc. boosted its position in shares of Unilever by 1.9% during the fourth quarter. Ausdal Financial Partners Inc. now owns 9,956 shares of the company's stock worth $565,000 after buying an additional 181 shares during the period. Timber Creek Capital Management LLC lifted its position in shares of Unilever by 0.5% in 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 in the last quarter. Finally, Farmers & Merchants Investments Inc. increased its position in shares of Unilever by 3.4% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 5,646 shares of the company's stock valued at $320,000 after acquiring an additional 185 shares during the last quarter. 9.67% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several research analysts have recently commented on UL shares. DZ Bank upgraded Unilever from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Royal Bank of Canada cut Unilever from a "sector perform" rating to an "underperform" rating in a research report on Monday, January 6th. StockNews.com raised Unilever from a "hold" rating to a "buy" rating in a report on Friday, March 7th. Finally, Sanford C. Bernstein upgraded shares of Unilever from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 9th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $66.33.

Unilever Trading Down 3.2 %

Shares of UL stock traded down $2.02 during trading on Friday, reaching $60.53. 3,037,669 shares of the company's stock traded hands, compared to its average volume of 2,660,705. The company has a market capitalization of $149.94 billion, a P/E ratio of 17.34, a PEG ratio of 1.60 and a beta of 0.42. The firm's 50-day moving average is $57.94 and its 200 day moving average is $59.16. Unilever PLC has a 1 year low of $46.46 and a 1 year high of $65.87.

Unilever Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were given a dividend of $0.4674 per share. The ex-dividend date was Friday, February 28th. This represents a $1.87 annualized dividend and a yield of 3.09%. Unilever's payout ratio is presently 53.01%.

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.