Delta Financial Advisors LLC Lowers Stock Position in Unilever PLC (NYSE:UL)

Delta Financial Advisors LLC lowered its position in shares of Unilever PLC (NYSE:UL) by 13.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,628 shares of the company’s stock after selling 996 shares during the quarter. Delta Financial Advisors LLC’s holdings in Unilever were worth $321,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fortis Capital Advisors LLC purchased a new position in Unilever during the fourth quarter valued at $26,000. Jones Financial Companies Lllp raised its position in shares of Unilever by 111.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 552 shares of the company’s stock worth $27,000 after purchasing an additional 291 shares during the last quarter. Life Planning Partners Inc purchased a new position in shares of Unilever in the 4th quarter worth about $27,000. VisionPoint Advisory Group LLC raised its position in shares of Unilever by 215.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock worth $29,000 after purchasing an additional 400 shares during the last quarter. Finally, Barrett & Company Inc. raised its position in shares of Unilever by 51.5% in the 3rd quarter. Barrett & Company Inc. now owns 606 shares of the company’s stock worth $30,000 after purchasing an additional 206 shares during the last quarter. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

NYSE:UL traded up $0.30 during mid-day trading on Thursday, reaching $46.99. The company’s stock had a trading volume of 3,033,306 shares, compared to its average volume of 2,753,441. Unilever PLC has a 12-month low of $46.16 and a 12-month high of $55.99. The firm’s fifty day moving average price is $49.35 and its two-hundred day moving average price is $48.56.

Unilever Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, February 23rd were given a $0.4582 dividend. This represents a $1.83 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date of this dividend was Thursday, February 22nd.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Morgan Stanley lowered Unilever from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $52.00 to $48.00 in a research report on Tuesday, February 27th. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a research report on Saturday, April 13th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Unilever presently has a consensus rating of “Hold” and a consensus target price of $48.00.

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.