Guardian Capital Advisors LP Sells 72,219 Shares of Unilever PLC (NYSE:UL)

Guardian Capital Advisors LP lowered its holdings in shares of Unilever PLC (NYSE:UL - Free Report) by 51.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 67,184 shares of the company's stock after selling 72,219 shares during the period. Guardian Capital Advisors LP's holdings in Unilever were worth $3,308,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Perigon Wealth Management LLC boosted its holdings in Unilever by 32.0% in the third quarter. Perigon Wealth Management LLC now owns 8,809 shares of the company's stock valued at $435,000 after acquiring an additional 2,138 shares during the last quarter. Arete Wealth Advisors LLC acquired a new stake in shares of Unilever during the third quarter worth $292,000. CIBC Asset Management Inc lifted its holdings in Unilever by 1.4% in the third quarter. CIBC Asset Management Inc now owns 62,354 shares of the company's stock valued at $3,080,000 after buying an additional 839 shares during the period. HF Advisory Group LLC acquired a new stake in Unilever during the 3rd quarter worth about $434,000. Finally, Paradigm Asset Management Co. LLC raised its position in shares of Unilever by 48.6% in the 3rd quarter. Paradigm Asset Management Co. LLC now owns 36,700 shares of the company's stock worth $1,813,000 after acquiring an additional 12,000 shares in the last quarter. Institutional investors own 9.67% of the company's stock.

Analyst Upgrades and Downgrades

UL has been the subject of several recent analyst reports. Morgan Stanley cut 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. Argus lifted their price objective on shares of Unilever from $58.00 to $60.00 and gave the company a "buy" rating in a research note on Wednesday, May 8th. Finally, StockNews.com raised shares of Unilever from a "hold" rating to a "buy" rating in a research note on Wednesday, May 1st. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $54.00.

Unilever Stock Performance

NYSE UL traded up $0.10 during mid-day trading on Tuesday, hitting $54.04. The company's stock had a trading volume of 1,807,708 shares, compared to its average volume of 2,919,982. The company's 50 day simple moving average is $49.65 and its 200 day simple moving average is $48.90. Unilever PLC has a twelve month low of $46.16 and a twelve month high of $54.38.

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 issued a dividend of $0.4556 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend is Thursday, May 16th.

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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