Point72 Asset Management L.P. Decreases Position in Unilever PLC (NYSE:UL)

Point72 Asset Management L.P. cut its holdings in Unilever PLC (NYSE:UL - Free Report) by 71.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (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 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of UL. Golden State Wealth Management LLC acquired a new position in Unilever during the fourth quarter worth $26,000. Financial Life Planners acquired a new position in shares of Unilever in the fourth quarter worth $28,000. VSM Wealth Advisory LLC acquired a new position in shares of Unilever in the fourth quarter worth $28,000. Roxbury Financial LLC acquired a new position in shares of Unilever in the fourth quarter worth $30,000. Finally, Mainstream Capital Management LLC acquired a new position in shares of Unilever in the fourth quarter worth $31,000. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Unilever Price Performance

UL stock traded down $0.09 during trading on Tuesday, reaching $63.69. 1,836,558 shares of the stock traded hands, compared to its average volume of 2,509,687. The business's 50 day moving average price is $61.60 and its 200-day moving average price is $58.96. Unilever PLC has a 52-week low of $53.50 and a 52-week high of $65.87. The firm has a market capitalization of $156.53 billion, a PE ratio of 18.25, a P/E/G ratio of 1.60 and a beta of 0.44.

Unilever Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 16th will be given a dividend of $0.5151 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Friday, May 16th. This is an increase from Unilever's previous quarterly dividend of $0.47. Unilever's payout ratio is 59.03%.

Analysts Set New Price Targets

UL has been the subject of a number of analyst reports. UBS Group raised Unilever from a "strong sell" rating to a "hold" rating in a report on Friday, May 2nd. Wall Street Zen lowered Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, DZ Bank upgraded Unilever from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $69.50.

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.