Unilever PLC (NYSE:UL) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. cut its position in shares of Unilever PLC (NYSE:UL - Free Report) by 33.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 123,084 shares of the company's stock after selling 61,380 shares during the period. Federated Hermes Inc.'s holdings in Unilever were worth $6,979,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in Unilever during the 4th quarter valued at about $26,000. Financial Life Planners purchased a new position in shares of Unilever during the fourth quarter valued at approximately $28,000. VSM Wealth Advisory LLC bought a new position in shares of Unilever during the fourth quarter valued at approximately $28,000. Roxbury Financial LLC purchased a new stake in shares of Unilever in the fourth quarter worth approximately $30,000. Finally, Mainstream Capital Management LLC bought a new stake in shares of Unilever during the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 9.67% of the company's stock.

Unilever Stock Performance

Shares of UL stock traded up $0.67 on Wednesday, reaching $62.82. 809,982 shares of the company were exchanged, compared to its average volume of 2,607,453. Unilever PLC has a 1 year low of $46.46 and a 1 year high of $65.87. The business has a 50-day moving average price of $58.38 and a 200 day moving average price of $58.81. The company has a market cap of $155.62 billion, a price-to-earnings ratio of 18.00, a P/E/G ratio of 1.60 and a beta of 0.42.

Unilever Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were paid a $0.4674 dividend. This represents a $1.87 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date was Friday, February 28th. Unilever's dividend payout ratio (DPR) is presently 53.01%.

Analyst Ratings Changes

UL has been the topic of a number of research reports. DZ Bank raised shares of Unilever from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Royal Bank of Canada downgraded Unilever from a "sector perform" rating to an "underperform" rating in a research report on Monday, January 6th. Sanford C. Bernstein upgraded Unilever from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 9th. Finally, StockNews.com raised shares of Unilever from a "hold" rating to a "buy" rating in a research note on Friday, March 7th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Unilever currently has a consensus rating of "Moderate Buy" and an average target price of $66.33.

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.