Wealthspire Advisors LLC Sells 711 Shares of Unilever PLC (NYSE:UL)

Wealthspire Advisors LLC cut its position in shares of Unilever PLC (NYSE:UL) by 4.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,368 shares of the company’s stock after selling 711 shares during the period. Wealthspire Advisors LLC’s holdings in Unilever were worth $697,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Life Planning Partners Inc bought a new stake in shares of Unilever during the fourth quarter worth $27,000. Jones Financial Companies Lllp increased its stake in 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 buying an additional 291 shares during the period. VisionPoint Advisory Group LLC lifted its holdings in Unilever by 215.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock valued at $29,000 after buying an additional 400 shares in the last quarter. Evolution Advisers Inc. purchased a new stake in Unilever in the 4th quarter valued at about $34,000. Finally, Planned Solutions Inc. purchased a new stake in Unilever in the 4th quarter valued at about $44,000. 9.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

UL has been the topic of several research analyst reports. Argus raised their price objective on Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Finally, Morgan Stanley lowered Unilever from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $52.00 to $48.00 in a report on Tuesday, February 27th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Unilever currently has an average rating of “Hold” and an average target price of $54.00.

Unilever Stock Performance

NYSE:UL traded up $0.13 during midday trading on Friday, reaching $53.55. 185,109 shares of the stock traded hands, compared to its average volume of 2,900,203. The stock has a market capitalization of $134.16 billion, a PE ratio of 17.07, a price-to-earnings-growth ratio of 2.97 and a beta of 0.43. Unilever PLC has a 12-month low of $46.16 and a 12-month high of $54.38. The business has a 50-day moving average of $49.37 and a two-hundred day moving average of $48.78.

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 given a $0.4556 dividend. The ex-dividend date is Thursday, May 16th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.40%. Unilever’s payout ratio is 57.51%.

Unilever 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.