Unilever PLC (NYSE:UL) Stock Holdings Lowered by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its position in shares of Unilever PLC (NYSE:UL - Free Report) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 495,039 shares of the company's stock after selling 22,570 shares during the period. Commonwealth Equity Services LLC's holdings in Unilever were worth $24,000,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of UL. Jones Financial Companies Lllp boosted its stake in Unilever by 111.5% in the third quarter. Jones Financial Companies Lllp now owns 552 shares of the company's stock valued at $27,000 after acquiring an additional 291 shares in the last quarter. Life Planning Partners Inc acquired a new stake in shares of Unilever during the fourth quarter worth about $27,000. VisionPoint Advisory Group LLC boosted its stake in shares of Unilever by 215.1% during the third 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 period. Evolution Advisers Inc. acquired a new stake in shares of Unilever during the fourth quarter worth about $34,000. Finally, Planned Solutions Inc. acquired a new stake in shares of Unilever during the fourth quarter worth about $44,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Trading Up 0.0 %

Shares of UL traded up $0.02 during mid-day trading on Monday, reaching $52.15. 2,388,250 shares of the company's stock were exchanged, compared to its average volume of 2,907,411. The company has a 50-day simple moving average of $49.21 and a two-hundred day simple moving average of $48.69. Unilever PLC has a 52-week low of $46.16 and a 52-week high of $55.63.

Unilever Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be paid a dividend of $0.4556 per share. The ex-dividend date is Thursday, May 16th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.49%.

Wall Street Analysts Forecast Growth

UL has been the subject of several recent research reports. StockNews.com upgraded shares of Unilever from a "hold" rating to a "buy" rating in a research note on Wednesday, May 1st. Morgan Stanley downgraded shares of Unilever from an "equal weight" rating to an "underweight" rating and decreased their target price for the stock from $52.00 to $48.00 in a research note on Tuesday, February 27th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Unilever presently has an average rating of "Hold" and a consensus target price of $48.00.

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.