Boston Common Asset Management LLC lessened its stake in shares of Unilever PLC (NYSE:UL - Free Report) by 18.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 170,680 shares of the company's stock after selling 38,815 shares during the quarter. Boston Common Asset Management LLC's holdings in Unilever were worth $11,162,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Palisade Asset Management LLC acquired a new stake in Unilever in the 3rd quarter worth approximately $25,000. Asset Dedication LLC grew its holdings in Unilever by 108.8% during the third quarter. Asset Dedication LLC now owns 476 shares of the company's stock valued at $28,000 after purchasing an additional 248 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of Unilever in the third quarter valued at approximately $29,000. Global Wealth Strategies & Associates bought a new position in shares of Unilever in the fourth quarter valued at approximately $29,000. Finally, GPS Wealth Strategies Group LLC lifted its stake in shares of Unilever by 141.3% in the third quarter. GPS Wealth Strategies Group LLC now owns 514 shares of the company's stock worth $30,000 after buying an additional 301 shares during the last quarter. Institutional investors and hedge funds own 9.67% of the company's stock.
Unilever Stock Up 1.0%
Shares of UL stock opened at $59.95 on Tuesday. Unilever PLC has a 1 year low of $59.37 and a 1 year high of $74.97. The firm's fifty day simple moving average is $68.00 and its 200 day simple moving average is $67.32.
Unilever (NYSE:UL - Get Free Report) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.75 earnings per share for the quarter, missing analysts' consensus estimates of $1.75 by ($1.00). The business had revenue of $11.87 billion for the quarter, compared to analysts' expectations of $31.39 billion. On average, analysts anticipate that Unilever PLC will post 3.27 earnings per share for the current year.
Unilever Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, February 27th will be paid a $0.5547 dividend. This represents a $2.22 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, February 27th.
Analyst Ratings Changes
Several analysts recently issued reports on UL shares. DZ Bank downgraded shares of Unilever from a "buy" rating to a "hold" rating in a report on Wednesday, February 18th. Jefferies Financial Group reissued an "underperform" rating on shares of Unilever in a research report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft cut shares of Unilever from a "buy" rating to a "hold" rating in a report on Monday, February 9th. Weiss Ratings downgraded Unilever from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, February 26th. Finally, Kepler Capital Markets lowered Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $65.55.
Check Out Our Latest Report on Unilever
Unilever Company Profile
(
Free Report)
Unilever PLC is a global consumer goods company with roots dating back to the early 20th century, formed from the merger of the British firm Lever Brothers and the Dutch company Margarine Unie. The company develops, manufactures and markets a broad portfolio of branded products in personal care, home care and foods and refreshments. Unilever's corporate structure and listings reflect its long history in both the United Kingdom and the Netherlands, and it operates at scale across diverse consumer markets worldwide.
Unilever's business is organized around major product categories—Beauty & Personal Care, Home Care and Foods & Refreshment—and includes numerous well-known consumer brands across those categories.
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