Point72 Asset Management L.P. Sells 15,000 Shares of Unilever PLC (NYSE:UL)

Point72 Asset Management L.P. decreased its position in shares of Unilever PLC (NYSE:UL - Free Report) by 71.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,000 shares of the company's stock after selling 15,000 shares during the quarter. Point72 Asset Management L.P.'s holdings in Unilever were worth $340,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new position in shares of Unilever during the 4th quarter valued at $26,000. Financial Life Planners purchased a new position in shares of Unilever during the 4th quarter valued at $28,000. VSM Wealth Advisory LLC purchased a new position in shares of Unilever during the 4th quarter valued at $28,000. Roxbury Financial LLC purchased a new position in shares of Unilever during the 4th quarter valued at $30,000. Finally, Mainstream Capital Management LLC purchased a new position in shares of Unilever during the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 9.67% of the company's stock.

Unilever Price Performance

Shares of Unilever stock traded down $0.14 during trading hours on Thursday, reaching $63.17. The company's stock had a trading volume of 1,090,042 shares, compared to its average volume of 2,503,622. The firm has a 50 day moving average price of $61.78 and a 200-day moving average price of $59.02. Unilever PLC has a one year low of $53.50 and a one year high of $65.87. The stock has a market cap of $155.24 billion, a P/E ratio of 18.10, a P/E/G ratio of 1.60 and a beta of 0.44.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 16th will be issued a $0.5151 dividend. The ex-dividend date of this dividend is Friday, May 16th. This is an increase from Unilever's previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.26%. Unilever's payout ratio is 59.03%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. UBS Group upgraded shares of Unilever from a "strong sell" rating to a "hold" rating in a research note on Friday, May 2nd. DZ Bank upgraded shares of Unilever from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. BNP Paribas assumed coverage on shares of Unilever in a research note on Thursday. They issued an "outperform" rating on the stock. BNP Paribas Exane assumed coverage on shares of Unilever in a research note on Thursday. They issued an "outperform" rating and a $73.00 price target on the stock. Finally, Wall Street Zen cut shares of Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Unilever currently has an average rating of "Moderate Buy" and an average price target of $70.67.

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.