Tidal Investments LLC Trims Stock Position in Unilever PLC (NYSE:UL)

Tidal Investments LLC lessened its stake in shares of 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. The institutional investor 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 bought and sold shares of the stock. Fisher Asset Management LLC lifted its holdings in shares of Unilever by 7.3% during the 4th quarter. Fisher Asset Management LLC now owns 17,940,963 shares of the company's stock valued at $1,017,253,000 after purchasing an additional 1,214,563 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Unilever by 3.4% during the 4th quarter. Bank of America Corp DE now owns 7,906,824 shares of the company's stock valued at $448,317,000 after purchasing an additional 257,538 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Unilever by 5.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,103,075 shares of the company's stock valued at $289,345,000 after purchasing an additional 250,053 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Unilever by 9.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 3,830,532 shares of the company's stock valued at $217,191,000 after purchasing an additional 327,329 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in shares of Unilever by 140.1% during the 4th quarter. Clearbridge Investments LLC now owns 3,719,284 shares of the company's stock valued at $210,883,000 after purchasing an additional 2,170,242 shares during the last quarter. Institutional investors own 9.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Wall Street Zen lowered Unilever from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. DZ Bank upgraded Unilever from a "hold" rating to a "buy" rating in a report on Friday, February 21st. BNP Paribas upgraded Unilever to a "strong-buy" rating in a research note on Thursday, May 29th. UBS Group upgraded Unilever from a "strong sell" rating to a "hold" rating in a research note on Friday, May 2nd. Finally, BNP Paribas Exane assumed coverage on Unilever in a research note on Thursday, May 29th. They issued an "outperform" rating and a $73.00 target price for the company. One analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Unilever currently has an average rating of "Moderate Buy" and a consensus price target of $70.67.

Unilever Trading Up 0.5%

Shares of NYSE UL traded up $0.30 during trading on Wednesday, reaching $63.01. 1,750,684 shares of the company traded hands, compared to its average volume of 2,495,310. The firm's fifty day simple moving average is $62.27 and its 200 day simple moving average is $59.22. The stock has a market cap of $154.86 billion, a P/E ratio of 18.05, a PEG ratio of 1.60 and a beta of 0.44. Unilever PLC has a 12-month low of $54.32 and a 12-month high of $65.87.

Unilever Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, May 16th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.27%. This is a positive change from Unilever's previous quarterly dividend of $0.47. Unilever's dividend payout ratio (DPR) is presently 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.