Aspire Private Capital LLC Sells 673 Shares of Unilever PLC (NYSE:UL)

Aspire Private Capital LLC reduced its holdings in shares of Unilever PLC (NYSE:UL) by 54.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 559 shares of the company’s stock after selling 673 shares during the quarter. Aspire Private Capital LLC’s holdings in Unilever were worth $27,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. FMR LLC lifted its position in shares of Unilever by 6.4% during the 3rd quarter. FMR LLC now owns 8,548,447 shares of the company’s stock valued at $422,293,000 after buying an additional 515,088 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Unilever by 35.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,748,095 shares of the company’s stock worth $234,556,000 after purchasing an additional 1,238,734 shares in the last quarter. Royal Bank of Canada lifted its holdings in Unilever by 1.8% during the 3rd quarter. Royal Bank of Canada now owns 3,819,083 shares of the company’s stock worth $188,664,000 after purchasing an additional 67,190 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Unilever by 2.1% in the 3rd quarter. Raymond James & Associates now owns 3,454,530 shares of the company’s stock valued at $170,654,000 after acquiring an additional 72,277 shares in the last quarter. Finally, Manning & Napier Group LLC raised its holdings in shares of Unilever by 1.4% in the 4th quarter. Manning & Napier Group LLC now owns 3,332,954 shares of the company’s stock valued at $161,582,000 after acquiring an additional 47,256 shares in the last quarter. 9.67% of the stock is currently owned by institutional investors.

Unilever Price Performance

Shares of Unilever stock traded down $0.04 during trading on Tuesday, hitting $48.02. 1,002,535 shares of the stock traded hands, compared to its average volume of 2,796,947. The firm’s fifty day moving average is $49.16 and its 200-day moving average is $48.52. 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 declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, February 23rd were given a dividend of $0.4582 per share. The ex-dividend date was Thursday, February 22nd. This represents a $1.83 annualized dividend and a yield of 3.82%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on UL. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a report on Saturday, April 13th. Morgan Stanley cut Unilever from an “equal weight” rating to an “underweight” rating and lowered their price target for the company 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 issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.