Truist Financial Corp Sells 272,531 Shares of Unilever PLC (NYSE:UL)

Truist Financial Corp reduced its holdings in Unilever PLC (NYSE:UL) by 19.9% in the 4th quarter, Holdings Channel reports. The fund owned 1,096,673 shares of the company’s stock after selling 272,531 shares during the quarter. Truist Financial Corp’s holdings in Unilever were worth $53,167,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Jones Financial Companies Lllp boosted 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 purchasing an additional 291 shares during the period. Life Planning Partners Inc bought a new stake in shares of Unilever in the fourth quarter valued at about $27,000. VisionPoint Advisory Group LLC boosted its position in shares of Unilever by 215.1% during the third quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock worth $29,000 after buying an additional 400 shares during the period. 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 worth $30,000 after buying an additional 206 shares in the last quarter. Finally, Evolution Advisers Inc. acquired a new stake in Unilever in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Stock Up 0.6 %

Unilever stock opened at $51.24 on Friday. The stock’s 50 day moving average is $49.11 and its 200-day moving average is $48.56. Unilever PLC has a 12 month low of $46.16 and a 12 month high of $55.99.

Unilever Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be given a dividend of $0.4556 per share. This represents a $1.82 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date is Thursday, May 16th.

Analyst Ratings Changes

Several research analysts recently commented on UL shares. Morgan Stanley cut shares of Unilever from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $52.00 to $48.00 in a report on Tuesday, February 27th. StockNews.com downgraded shares of Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, April 23rd. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $48.00.

Unilever Company 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.