Tidal Investments LLC Sells 6,122 Shares of Unilever PLC (NYSE:UL)

Tidal Investments LLC decreased its position in Unilever PLC (NYSE:UL - Free Report) by 53.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,262 shares of the company's stock after selling 6,122 shares during the quarter. Tidal Investments LLC's holdings in Unilever were worth $298,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of UL. Golden State Wealth Management LLC acquired a new stake in shares of Unilever in the 4th quarter valued at about $26,000. Financial Life Planners acquired a new stake in shares of Unilever in the 4th quarter valued at about $28,000. VSM Wealth Advisory LLC acquired a new stake in shares of Unilever in the 4th quarter valued at about $28,000. Roxbury Financial LLC acquired a new stake in shares of Unilever in the 4th quarter valued at about $30,000. Finally, Mainstream Capital Management LLC acquired a new stake in shares of Unilever in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 9.67% of the company's stock.

Unilever Stock Performance

Unilever stock traded down $0.45 during midday trading on Monday, reaching $63.39. 2,728,077 shares of the company's stock were exchanged, compared to its average volume of 2,505,813. Unilever PLC has a 52 week low of $54.32 and a 52 week high of $65.87. The firm has a market cap of $155.79 billion, a price-to-earnings ratio of 18.16, a P/E/G ratio of 1.60 and a beta of 0.44. The stock's 50-day simple moving average is $62.00 and its 200 day simple moving average is $59.13.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 16th will be issued a dividend of $0.5151 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.06 dividend on an annualized basis and a yield of 3.25%. This is a boost from Unilever's previous quarterly dividend of $0.47. Unilever's dividend payout ratio (DPR) is presently 59.03%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. DZ Bank raised Unilever from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. UBS Group raised Unilever from a "strong sell" rating to a "hold" rating in a research report on Friday, May 2nd. BNP Paribas Exane assumed coverage on Unilever in a research report on Thursday. They issued an "outperform" rating and a $73.00 target price on the stock. BNP Paribas raised Unilever to a "strong-buy" rating in a research report on Thursday. Finally, Wall Street Zen downgraded Unilever from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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.