Euro Pacific Asset Management LLC Trims Stock Holdings in Unilever PLC (NYSE:UL)

Euro Pacific Asset Management LLC reduced its holdings in shares of Unilever PLC (NYSE:UL) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 301,995 shares of the company’s stock after selling 705 shares during the period. Unilever comprises approximately 3.1% of Euro Pacific Asset Management LLC’s portfolio, making the stock its 9th biggest holding. Euro Pacific Asset Management LLC’s holdings in Unilever were worth $14,651,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of UL. Citigroup Inc. grew its holdings in shares of Unilever by 51.1% in the third quarter. Citigroup Inc. now owns 672,859 shares of the company’s stock worth $33,239,000 after purchasing an additional 227,681 shares during the last quarter. Manning & Napier Group LLC grew its holdings in shares of Unilever by 1.4% in the fourth quarter. Manning & Napier Group LLC now owns 3,332,954 shares of the company’s stock worth $161,582,000 after purchasing an additional 47,256 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Unilever by 3,718.5% in the fourth quarter. International Assets Investment Management LLC now owns 171,641 shares of the company’s stock worth $8,321,000 after purchasing an additional 167,146 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Unilever by 14.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 762,085 shares of the company’s stock worth $36,946,000 after purchasing an additional 98,275 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Unilever by 3.4% in the third quarter. Deutsche Bank AG now owns 47,772 shares of the company’s stock worth $2,360,000 after purchasing an additional 1,589 shares during the last quarter. 9.67% of the stock is currently owned by institutional investors.

Unilever Stock Up 0.3 %

Unilever stock traded up $0.16 during mid-day trading on Thursday, reaching $46.85. 3,280,022 shares of the company traded hands, compared to its average volume of 2,757,087. The firm’s 50 day moving average price is $49.35 and its 200 day moving average price is $48.56. Unilever PLC has a 52-week low of $46.16 and a 52-week high of $55.99.

Unilever Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, February 23rd were given a dividend of $0.4582 per share. This represents a $1.83 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend was Thursday, February 22nd.

Analysts Set New Price Targets

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

About Unilever

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.