Cresset Asset Management LLC Sells 97,281 Shares of Unilever PLC (NYSE:UL)

Cresset Asset Management LLC trimmed its position in shares of Unilever PLC (NYSE:UL - Free Report) by 37.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 165,777 shares of the company's stock after selling 97,281 shares during the period. Cresset Asset Management LLC's holdings in Unilever were worth $9,400,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC purchased a new stake in Unilever during the fourth quarter valued at about $26,000. Financial Life Planners purchased a new position in shares of Unilever in the fourth quarter worth about $28,000. VSM Wealth Advisory LLC purchased a new position in shares of Unilever in the fourth quarter worth about $28,000. Roxbury Financial LLC purchased a new position in shares of Unilever in the fourth quarter worth about $30,000. Finally, Mainstream Capital Management LLC purchased a new position in shares of Unilever in the fourth quarter worth about $31,000. 9.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on UL. DZ Bank upgraded Unilever from a "hold" rating to a "buy" rating in a report on Friday, February 21st. StockNews.com downgraded Unilever from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, UBS Group upgraded Unilever from a "strong sell" rating to a "hold" rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Unilever currently has a consensus rating of "Moderate Buy" and a consensus price target of $69.50.

Unilever Stock Down 1.3%

Shares of NYSE UL traded down $0.77 during midday trading on Tuesday, hitting $60.67. The stock had a trading volume of 1,542,549 shares, compared to its average volume of 2,523,275. The company has a market cap of $149.62 billion, a P/E ratio of 17.38, a PEG ratio of 1.60 and a beta of 0.44. Unilever PLC has a 52 week low of $53.50 and a 52 week high of $65.87. The business's 50 day moving average is $60.91 and its 200-day moving average is $58.85.

Unilever Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.5151 per share. This represents a $2.06 annualized dividend and a dividend yield of 3.40%. This is a boost from Unilever's previous quarterly dividend of $0.47. The ex-dividend date is Friday, May 16th. Unilever's dividend payout ratio is presently 59.03%.

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.