Unilever PLC (NYSE:UL) Shares Sold by Syon Capital LLC

Syon Capital LLC trimmed its position in Unilever PLC (NYSE:UL - Free Report) by 69.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,242 shares of the company's stock after selling 18,652 shares during the period. Syon Capital LLC's holdings in Unilever were worth $400,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its holdings in Unilever by 111.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 552 shares of the company's stock worth $27,000 after purchasing an additional 291 shares in the last quarter. Life Planning Partners Inc purchased a new position in shares of Unilever in the 4th quarter worth approximately $27,000. VisionPoint Advisory Group LLC boosted 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 worth $29,000 after buying an additional 400 shares during the last quarter. Barrett & Company Inc. boosted 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 worth $30,000 after buying an additional 206 shares during the last quarter. Finally, Planned Solutions Inc. purchased a new position in shares of Unilever in the 4th quarter worth approximately $44,000. 9.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on UL. StockNews.com downgraded Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday. Morgan Stanley downgraded Unilever from an "equal weight" rating to an "underweight" rating and dropped their target price for the stock from $52.00 to $48.00 in a research report on Tuesday, February 27th. 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. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $48.00.

Unilever Trading Up 0.6 %

Shares of Unilever stock traded up $0.32 during trading on Friday, hitting $51.24. The stock had a trading volume of 4,278,463 shares, compared to its average volume of 3,049,528. Unilever PLC has a 12 month low of $46.16 and a 12 month high of $55.99. The business's 50-day moving average is $49.11 and its 200 day moving average is $48.56.

Unilever Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be issued a $0.4556 dividend. The ex-dividend date is Thursday, May 16th. This represents a $1.82 annualized dividend and a dividend yield of 3.56%.

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.