Parkside Financial Bank & Trust Buys 418 Shares of Unilever PLC (NYSE:UL)

Parkside Financial Bank & Trust boosted its stake in shares of Unilever PLC (NYSE:UL) by 7.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,964 shares of the company’s stock after acquiring an additional 418 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Unilever were worth $289,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Arkadios Wealth Advisors boosted its stake in shares of Unilever by 12.1% in the 3rd quarter. Arkadios Wealth Advisors now owns 4,495 shares of the company’s stock valued at $222,000 after purchasing an additional 485 shares during the last quarter. 1900 Wealth Management LLC bought a new position in shares of Unilever in the 3rd quarter valued at about $226,000. DAVENPORT & Co LLC boosted its stake in shares of Unilever by 3.2% in the 3rd quarter. DAVENPORT & Co LLC now owns 95,009 shares of the company’s stock valued at $4,693,000 after purchasing an additional 2,965 shares during the last quarter. BTC Capital Management Inc. boosted its stake in Unilever by 12.6% during the 3rd quarter. BTC Capital Management Inc. now owns 32,403 shares of the company’s stock worth $1,601,000 after acquiring an additional 3,621 shares during the last quarter. Finally, Boston Trust Walden Corp boosted its stake in Unilever by 5.6% during the 3rd quarter. Boston Trust Walden Corp now owns 9,505 shares of the company’s stock worth $470,000 after acquiring an additional 500 shares during the last quarter. Institutional investors own 9.67% of the company’s stock.

Unilever Stock Performance

Shares of UL stock traded up $0.03 during trading on Wednesday, reaching $48.01. The company’s stock had a trading volume of 1,486,958 shares, compared to its average volume of 2,802,208. The business has a fifty day moving average price of $49.12 and a 200-day moving average price of $48.52. Unilever PLC has a one year low of $46.16 and a one year 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 issued a $0.4582 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $1.83 annualized dividend and a dividend yield of 3.82%.

Analyst Ratings Changes

UL has been the topic of several recent analyst reports. Morgan Stanley lowered shares of Unilever from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $52.00 to $48.00 in a research note on Tuesday, February 27th. StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average 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.