Portside Wealth Group LLC Reduces Stock Position in Unilever PLC (NYSE:UL)

Portside Wealth Group LLC trimmed its stake in shares of Unilever PLC (NYSE:UL) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,110 shares of the company’s stock after selling 251 shares during the period. Portside Wealth Group LLC’s holdings in Unilever were worth $2,558,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UL. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Unilever by 16.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 110,528 shares of the company’s stock valued at $7,180,000 after buying an additional 15,941 shares during the period. Verition Fund Management LLC bought a new stake in shares of Unilever during the 3rd quarter valued at about $11,694,000. Bank of Montreal Can increased its position in shares of Unilever by 249.5% during the 2nd quarter. Bank of Montreal Can now owns 1,748,329 shares of the company’s stock valued at $98,204,000 after purchasing an additional 1,248,136 shares during the last quarter. WCM Investment Management LLC increased its position in shares of Unilever by 236.2% during the 3rd quarter. WCM Investment Management LLC now owns 30,520 shares of the company’s stock valued at $1,997,000 after purchasing an additional 21,441 shares during the last quarter. Finally, Radnor Capital Management LLC bought a new position in shares of Unilever in the 3rd quarter worth approximately $1,388,000. Institutional investors own 9.67% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Erste Group Bank reiterated a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. StockNews.com cut Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Sanford C. Bernstein raised Unilever from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. Finally, Royal Bank of Canada downgraded Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. Three analysts have rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Unilever currently has an average rating of “Hold” and a consensus price target of $61.75.

Unilever Trading Up 0.4 %

NYSE:UL opened at $55.68 on Friday. The business’s 50-day moving average is $57.62 and its 200 day moving average is $60.28. Unilever PLC has a 12 month low of $46.46 and a 12 month high of $65.87.

Unilever Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 8th were issued a dividend of $0.4755 per share. This represents a $1.90 annualized dividend and a dividend yield of 3.42%. This is a boost from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date was Friday, November 8th.

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.