Syon Capital LLC Sells 18,652 Shares of Unilever PLC (NYSE:UL)

Syon Capital LLC reduced its holdings in shares of Unilever PLC (NYSE:UL) by 69.4% during the fourth quarter, Holdings Channel reports. The fund owned 8,242 shares of the company’s stock after selling 18,652 shares during the period. Syon Capital LLC’s holdings in Unilever were worth $400,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Barrett & Company Inc. grew its holdings in shares of Unilever by 51.5% during the third quarter. Barrett & Company Inc. now owns 606 shares of the company’s stock valued at $30,000 after buying an additional 206 shares during the last quarter. Sage Rhino Capital LLC lifted its position in Unilever by 2.4% in the 3rd quarter. Sage Rhino Capital LLC now owns 9,066 shares of the company’s stock valued at $448,000 after acquiring an additional 215 shares in the last quarter. Marino Stram & Associates LLC boosted its stake in Unilever by 2.2% during the 4th quarter. Marino Stram & Associates LLC now owns 9,963 shares of the company’s stock valued at $483,000 after purchasing an additional 215 shares during the last quarter. Pine Haven Investment Counsel Inc increased its holdings in shares of Unilever by 3.7% in the 4th quarter. Pine Haven Investment Counsel Inc now owns 6,133 shares of the company’s stock worth $297,000 after purchasing an additional 216 shares in the last quarter. Finally, Baystate Wealth Management LLC raised its stake in shares of Unilever by 29.9% in the fourth quarter. Baystate Wealth Management LLC now owns 948 shares of the company’s stock worth $46,000 after purchasing an additional 218 shares during the last quarter. 9.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on UL. Morgan Stanley cut Unilever from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $52.00 to $48.00 in a research report on Tuesday, February 27th. StockNews.com downgraded shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Unilever currently has an average rating of “Hold” and a consensus price target of $48.00.

Unilever Price Performance

NYSE UL opened at $51.24 on Friday. Unilever PLC has a 1-year low of $46.16 and a 1-year high of $55.99. The business’s fifty day moving average price is $49.11 and its 200-day moving average price is $48.56.

Unilever Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a $0.4556 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 3.56%. 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.