Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 804 Shares of Unilever PLC (NYSE:UL)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lowered its position in Unilever PLC (NYSE:UL) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 56,878 shares of the company’s stock after selling 804 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Unilever were worth $2,769,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of UL. Citigroup Inc. lifted its holdings in Unilever by 51.1% during the third quarter. Citigroup Inc. now owns 672,859 shares of the company’s stock worth $33,239,000 after buying an additional 227,681 shares during the period. Manning & Napier Group LLC boosted its stake in shares of Unilever by 1.4% during the 4th quarter. Manning & Napier Group LLC now owns 3,332,954 shares of the company’s stock worth $161,582,000 after acquiring an additional 47,256 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Unilever by 3,718.5% in the 4th quarter. International Assets Investment Management LLC now owns 171,641 shares of the company’s stock valued at $8,321,000 after buying an additional 167,146 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Unilever by 14.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 762,085 shares of the company’s stock valued at $36,946,000 after buying an additional 98,275 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in Unilever by 3.4% in the 3rd quarter. Deutsche Bank AG now owns 47,772 shares of the company’s stock worth $2,360,000 after purchasing an additional 1,589 shares in the last quarter. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on UL. Morgan Stanley downgraded shares of Unilever from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $52.00 to $48.00 in a report on Tuesday, February 27th. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a research report on Saturday, April 13th. Three investment 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 has an average rating of “Hold” and an average target price of $48.00.

Unilever Trading Up 0.2 %

UL traded up $0.09 on Tuesday, hitting $48.15. 1,653,585 shares of the company were exchanged, compared to its average volume of 2,806,196. Unilever PLC has a fifty-two week low of $46.16 and a fifty-two week high of $55.99. The business’s fifty day moving average is $49.16 and its 200 day moving average is $48.52.

Unilever Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, February 23rd were paid a dividend of $0.4582 per share. This represents a $1.83 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date was Thursday, February 22nd.

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.