Fiduciary Group LLC Lowers Stock Position in Unilever PLC (NYSE:UL)

Fiduciary Group LLC lessened its position in shares of Unilever PLC (NYSE:UL) by 38.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,181 shares of the company’s stock after selling 3,871 shares during the quarter. Fiduciary Group LLC’s holdings in Unilever were worth $300,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp lifted its holdings in Unilever by 111.5% during the third quarter. Jones Financial Companies Lllp now owns 552 shares of the company’s stock valued at $27,000 after purchasing an additional 291 shares in the last quarter. Life Planning Partners Inc purchased a new position in Unilever in the 4th quarter valued at about $27,000. VisionPoint Advisory Group LLC boosted 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 buying an additional 400 shares during the last quarter. Barrett & Company Inc. increased its stake in Unilever by 51.5% during the 3rd 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. purchased a new stake in Unilever during the 4th quarter worth approximately $34,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Trading Up 0.5 %

UL stock opened at $51.50 on Tuesday. The company has a market cap of $129.02 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 3.68 and a beta of 0.45. The firm has a 50-day moving average of $49.12 and a two-hundred day moving average of $48.59. Unilever PLC has a 12 month low of $46.16 and a 12 month high of $55.77.

Unilever Cuts Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.82 dividend on an annualized basis and a yield of 3.54%. Unilever’s payout ratio is 57.83%.

Wall Street Analysts Forecast Growth

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

Unilever 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.