Unilever PLC (NYSE:UL) Shares Sold by Ingalls & Snyder LLC

Ingalls & Snyder LLC lessened its stake in Unilever PLC (NYSE:UL - Free Report) by 7.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 388,132 shares of the company's stock after selling 32,282 shares during the quarter. Unilever makes up approximately 0.9% of Ingalls & Snyder LLC's holdings, making the stock its 27th biggest holding. Ingalls & Snyder LLC's holdings in Unilever were worth $18,817,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of UL. Fortis Capital Advisors LLC acquired a new stake in shares of Unilever in the 4th quarter valued at about $26,000. Jones Financial Companies Lllp raised its stake in shares of Unilever by 111.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 552 shares of the company's stock valued at $27,000 after purchasing an additional 291 shares in the last quarter. Life Planning Partners Inc acquired a new stake in shares of Unilever in the 4th quarter valued at about $27,000. VisionPoint Advisory Group LLC raised its stake in shares of Unilever by 215.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company's stock valued at $29,000 after purchasing an additional 400 shares in the last quarter. Finally, Barrett & Company Inc. raised its stake in shares of Unilever by 51.5% in the 3rd quarter. Barrett & Company Inc. now owns 606 shares of the company's stock valued at $30,000 after purchasing an additional 206 shares in the last quarter. Institutional investors and hedge funds own 9.67% of the company's stock.

Unilever Price Performance

Shares of NYSE:UL traded down $0.89 during trading on Friday, reaching $46.76. 3,179,348 shares of the company's stock traded hands, compared to its average volume of 2,721,093. Unilever PLC has a 12 month low of $46.16 and a 12 month high of $55.99. The company has a 50 day moving average of $49.52 and a 200-day moving average of $48.61.

Unilever Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, February 23rd were given a dividend of $0.4582 per share. This represents a $1.83 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend was Thursday, February 22nd.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on UL shares. Morgan Stanley lowered shares of Unilever from an "equal weight" rating to an "underweight" rating and cut their target price for the company from $52.00 to $48.00 in a research note on Tuesday, February 27th. StockNews.com downgraded shares of Unilever from a "buy" rating to a "hold" rating in a research report on Friday, April 5th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $48.00.

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.

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