ICW Investment Advisors LLC Has $1.35 Million Holdings in Unilever PLC (NYSE:UL)

ICW Investment Advisors LLC grew its position in Unilever PLC (NYSE:UL) by 2.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 27,824 shares of the company’s stock after purchasing an additional 698 shares during the period. ICW Investment Advisors LLC’s holdings in Unilever were worth $1,349,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in UL. Envestnet Asset Management Inc. boosted its holdings in shares of Unilever by 35.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,748,095 shares of the company’s stock valued at $234,556,000 after purchasing an additional 1,238,734 shares in the last quarter. FMR LLC increased its stake in shares of Unilever by 6.4% in the 3rd quarter. FMR LLC now owns 8,548,447 shares of the company’s stock valued at $422,293,000 after purchasing an additional 515,088 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of Unilever by 4,657.3% in the 3rd quarter. Hsbc Holdings PLC now owns 431,296 shares of the company’s stock valued at $21,302,000 after purchasing an additional 422,230 shares during the last quarter. Saratoga Research & Investment Management increased its stake in shares of Unilever by 13.1% in the 3rd quarter. Saratoga Research & Investment Management now owns 2,512,592 shares of the company’s stock valued at $124,122,000 after purchasing an additional 290,690 shares during the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its stake in shares of Unilever by 25.5% in the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,215,003 shares of the company’s stock valued at $58,903,000 after purchasing an additional 247,004 shares during the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on UL shares. Morgan Stanley lowered Unilever from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $52.00 to $48.00 in a research note on Tuesday, February 27th. StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $48.00.

Unilever Trading Down 0.2 %

UL stock traded down $0.08 during midday trading on Wednesday, reaching $51.77. 1,283,195 shares of the stock were exchanged, compared to its average volume of 2,875,460. The company has a fifty day moving average price of $49.14 and a 200 day moving average price of $48.61. Unilever PLC has a 52 week low of $46.16 and a 52 week high of $55.77.

Unilever Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be paid a $0.4556 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend is Thursday, May 16th.

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.