Unilever PLC (NYSE:UL) Stake Reduced by Court Place Advisors LLC

Court Place Advisors LLC cut its holdings in Unilever PLC (NYSE:UL) by 17.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,875 shares of the company’s stock after selling 2,143 shares during the quarter. Court Place Advisors LLC’s holdings in Unilever were worth $479,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fortis Capital Advisors LLC bought a new stake in Unilever in the fourth quarter worth about $26,000. Jones Financial Companies Lllp raised its position in Unilever by 111.5% in the third quarter. Jones Financial Companies Lllp now owns 552 shares of the company’s stock worth $27,000 after acquiring an additional 291 shares in the last quarter. Life Planning Partners Inc acquired a new stake in Unilever during the 4th quarter worth about $27,000. VisionPoint Advisory Group LLC raised its holdings in Unilever by 215.1% during 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 period. Finally, Barrett & Company Inc. raised its holdings in Unilever by 51.5% during 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 period. 9.67% of the stock is currently owned by institutional investors.

Unilever Trading Up 0.5 %

NYSE:UL traded up $0.22 on Wednesday, hitting $46.69. 4,907,108 shares of the company’s stock traded hands, compared to its average volume of 2,750,858. Unilever PLC has a 1 year low of $46.16 and a 1 year high of $55.99. The firm has a 50-day moving average price of $49.40 and a 200-day moving average price of $48.57.

Unilever Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, February 23rd were paid a dividend of $0.4582 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.83 annualized dividend and a yield of 3.93%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Morgan Stanley downgraded Unilever from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $52.00 to $48.00 in a report on Tuesday, February 27th. StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a report on Saturday. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus 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.