Sigma Planning Corp Sells 32,222 Shares of Unilever PLC (NYSE:UL)

Sigma Planning Corp trimmed its position in shares of Unilever PLC (NYSE:UL - Free Report) by 71.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,615 shares of the company's stock after selling 32,222 shares during the quarter. Sigma Planning Corp's holdings in Unilever were worth $612,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Barrett & Company Inc. boosted its stake in Unilever by 51.5% during the third quarter. Barrett & Company Inc. now owns 606 shares of the company's stock worth $30,000 after buying an additional 206 shares during the last quarter. Sage Rhino Capital LLC lifted its stake in shares of Unilever by 2.4% in the 3rd quarter. Sage Rhino Capital LLC now owns 9,066 shares of the company's stock valued at $448,000 after purchasing an additional 215 shares during the last quarter. Marino Stram & Associates LLC lifted its stake in shares of Unilever by 2.2% in the 4th quarter. Marino Stram & Associates LLC now owns 9,963 shares of the company's stock valued at $483,000 after purchasing an additional 215 shares during the last quarter. Pine Haven Investment Counsel Inc lifted its stake in shares of Unilever by 3.7% in the 4th quarter. Pine Haven Investment Counsel Inc now owns 6,133 shares of the company's stock valued at $297,000 after purchasing an additional 216 shares during the last quarter. Finally, Baystate Wealth Management LLC lifted its stake in shares of Unilever by 29.9% in the 4th quarter. Baystate Wealth Management LLC now owns 948 shares of the company's stock valued at $46,000 after purchasing an additional 218 shares during the last quarter. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UL has been the topic of several recent analyst reports. Morgan Stanley lowered Unilever from an "equal weight" rating to an "underweight" rating and decreased their price target for the company from $52.00 to $48.00 in a research note on Tuesday, February 27th. StockNews.com lowered Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $48.00.

Unilever Trading Up 5.9 %

Shares of UL traded up $2.85 during mid-day trading on Thursday, reaching $50.92. The company's stock had a trading volume of 6,764,419 shares, compared to its average volume of 2,871,935. Unilever PLC has a 12-month low of $46.16 and a 12-month high of $55.99. The company's 50 day moving average is $49.10 and its 200 day moving average is $48.53.

Unilever Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, February 23rd were issued a $0.4582 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.83 dividend on an annualized basis and a dividend yield of 3.60%.

About Unilever

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.