Unilever PLC (NYSE:UL) Shares Sold by Whittier Trust Co.

Whittier Trust Co. lowered its holdings in Unilever PLC (NYSE:UL - Free Report) by 28.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,775 shares of the company's stock after selling 9,748 shares during the quarter. Whittier Trust Co.'s holdings in Unilever were worth $1,405,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of UL. Raymond James Financial Inc. purchased a new stake in Unilever in the fourth quarter valued at approximately $176,806,000. Jennison Associates LLC grew its stake in shares of Unilever by 66.4% in the fourth quarter. Jennison Associates LLC now owns 3,454,686 shares of the company's stock valued at $195,881,000 after buying an additional 1,378,517 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Unilever by 7.3% in the 4th quarter. Fisher Asset Management LLC now owns 17,940,963 shares of the company's stock valued at $1,017,253,000 after buying an additional 1,214,563 shares during the period. Citigroup Inc. lifted its stake in Unilever by 493.4% during the 3rd quarter. Citigroup Inc. now owns 1,105,064 shares of the company's stock worth $71,785,000 after acquiring an additional 918,841 shares in the last quarter. Finally, Icon Wealth Advisors LLC boosted its holdings in Unilever by 7,466.0% during the 3rd quarter. Icon Wealth Advisors LLC now owns 629,569 shares of the company's stock valued at $40,897,000 after acquiring an additional 621,248 shares during the period. Institutional investors and hedge funds own 9.67% of the company's stock.

Analyst Ratings Changes

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

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Unilever Price Performance

Shares of UL traded down $0.04 during midday trading on Tuesday, reaching $58.10. The stock had a trading volume of 2,219,045 shares, compared to its average volume of 2,502,427. The company has a market cap of $143.93 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 1.60 and a beta of 0.47. The company's fifty day simple moving average is $57.41 and its two-hundred day simple moving average is $59.35. Unilever PLC has a 1-year low of $46.46 and a 1-year high of $65.87.

Unilever Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.4674 per share. This represents a $1.87 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Friday, February 28th. Unilever's dividend payout ratio (DPR) is 53.01%.

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.