Silvercrest Asset Management Group LLC Sells 111,530 Shares of Unilever PLC (NYSE:UL)

Silvercrest Asset Management Group LLC trimmed its stake in Unilever PLC (NYSE:UL - Free Report) by 90.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,835 shares of the company's stock after selling 111,530 shares during the period. Silvercrest Asset Management Group LLC's holdings in Unilever were worth $671,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of UL. Golden State Wealth Management LLC bought a new stake in Unilever during the fourth quarter worth about $26,000. Financial Life Planners bought a new stake in shares of Unilever in the 4th quarter worth approximately $28,000. VSM Wealth Advisory LLC purchased a new stake in shares of Unilever in the 4th quarter worth approximately $28,000. Roxbury Financial LLC purchased a new position in Unilever during the fourth quarter valued at $30,000. Finally, Mainstream Capital Management LLC bought a new stake in Unilever in the fourth quarter worth $31,000. Institutional investors own 9.67% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on UL. Wall Street Zen lowered Unilever from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. UBS Group raised Unilever from a "strong sell" rating to a "hold" rating in a research report on Friday, May 2nd. Finally, DZ Bank raised Unilever from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Unilever has a consensus rating of "Moderate Buy" and a consensus target price of $69.50.

Unilever Stock Performance

Shares of UL stock traded up $0.46 on Friday, reaching $63.77. The stock had a trading volume of 1,460,794 shares, compared to its average volume of 2,514,953. The stock has a market cap of $156.73 billion, a P/E ratio of 18.27, a price-to-earnings-growth ratio of 1.60 and a beta of 0.44. Unilever PLC has a 1 year low of $53.50 and a 1 year high of $65.87. The company has a 50 day simple moving average of $61.40 and a 200 day simple moving average of $58.92.

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 paid a dividend of $0.5151 per share. 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 3.23%. The ex-dividend date of this dividend is Friday, May 16th. Unilever's payout ratio is currently 59.03%.

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.