DGS Capital Management LLC Sells 1,829 Shares of Unilever PLC (NYSE:UL)

DGS Capital Management LLC reduced its stake in Unilever PLC (NYSE:UL) by 28.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,629 shares of the company’s stock after selling 1,829 shares during the quarter. DGS Capital Management LLC’s holdings in Unilever were worth $224,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Fortis Capital Advisors LLC bought a new stake in shares of Unilever in the 4th quarter worth approximately $26,000. Jones Financial Companies Lllp raised its holdings 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 acquiring an additional 291 shares during the last quarter. Life Planning Partners Inc purchased a new position in Unilever in the 4th quarter worth approximately $27,000. VisionPoint Advisory Group LLC raised its holdings in Unilever by 215.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock worth $29,000 after acquiring an additional 400 shares during the last quarter. Finally, Barrett & Company Inc. raised its holdings in Unilever by 51.5% in the 3rd quarter. Barrett & Company Inc. now owns 606 shares of the company’s stock worth $30,000 after acquiring an additional 206 shares during the last quarter. 9.67% of the stock is owned by institutional investors.

Unilever Price Performance

UL opened at $46.48 on Wednesday. The firm has a 50-day simple moving average of $49.40 and a two-hundred day simple moving average of $48.57. 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 issued a dividend of $0.4582 per share. This represents a $1.83 annualized dividend and a dividend yield of 3.94%. The ex-dividend date of this dividend was Thursday, February 22nd.

Analysts Set New Price Targets

A number of brokerages recently weighed in on UL. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a report on Saturday. Morgan Stanley lowered shares of Unilever from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $52.00 to $48.00 in a report on Tuesday, February 27th. Three equities 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target 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.