Unilever PLC (NYSE:UL) Shares Sold by OLD Second National Bank of Aurora

OLD Second National Bank of Aurora decreased its holdings in shares of Unilever PLC (NYSE:UL) by 7.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 30,842 shares of the company’s stock after selling 2,441 shares during the quarter. OLD Second National Bank of Aurora’s holdings in Unilever were worth $1,495,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in UL. Allianz Asset Management GmbH boosted its stake in shares of Unilever by 43.5% during the first quarter. Allianz Asset Management GmbH now owns 26,032 shares of the company’s stock worth $1,186,000 after buying an additional 7,895 shares during the period. Cetera Investment Advisers lifted its position in Unilever by 4.2% in the first quarter. Cetera Investment Advisers now owns 48,220 shares of the company’s stock valued at $2,197,000 after purchasing an additional 1,963 shares during the period. Candriam Luxembourg S.C.A. lifted its position in Unilever by 40.5% in the first quarter. Candriam Luxembourg S.C.A. now owns 41,294 shares of the company’s stock valued at $1,881,000 after purchasing an additional 11,905 shares during the period. Baird Financial Group Inc. lifted its position in Unilever by 10.7% in the first quarter. Baird Financial Group Inc. now owns 127,034 shares of the company’s stock valued at $5,788,000 after purchasing an additional 12,302 shares during the period. Finally, Covestor Ltd lifted its position in Unilever by 204.6% in the first quarter. Covestor Ltd now owns 667 shares of the company’s stock valued at $30,000 after purchasing an additional 448 shares during the period. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Trading Up 0.6 %

Shares of UL traded up $0.27 during mid-day trading on Thursday, reaching $46.96. 1,801,481 shares of the company’s stock were exchanged, compared to its average volume of 2,729,898. The company has a 50-day simple moving average of $49.35 and a two-hundred day simple moving average of $48.56. Unilever PLC has a 52-week low of $46.16 and a 52-week high of $55.99.

Unilever Cuts Dividend

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

Wall Street Analyst Weigh In

UL has been the subject of a number of recent analyst reports. Morgan Stanley downgraded shares of Unilever from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $52.00 to $48.00 in a research report on Tuesday, February 27th. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target 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.