Alliance Wealth Advisors LLC UT Cuts Stake in Unilever PLC (NYSE:UL)

Alliance Wealth Advisors LLC UT reduced its position in Unilever PLC (NYSE:UL) by 5.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 19,617 shares of the company’s stock after selling 1,127 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Unilever were worth $951,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC grew its holdings in shares of Unilever by 6.4% during the third quarter. FMR LLC now owns 8,548,447 shares of the company’s stock valued at $422,293,000 after buying an additional 515,088 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Unilever by 35.3% during the third quarter. Envestnet Asset Management Inc. now owns 4,748,095 shares of the company’s stock valued at $234,556,000 after buying an additional 1,238,734 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Unilever by 1.8% during the third quarter. Royal Bank of Canada now owns 3,819,083 shares of the company’s stock valued at $188,664,000 after buying an additional 67,190 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Unilever by 2.1% during the third quarter. Raymond James & Associates now owns 3,454,530 shares of the company’s stock valued at $170,654,000 after buying an additional 72,277 shares during the last quarter. Finally, Manning & Napier Group LLC lifted its position in Unilever by 1.4% during the fourth quarter. Manning & Napier Group LLC now owns 3,332,954 shares of the company’s stock valued at $161,582,000 after purchasing an additional 47,256 shares during the period. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Trading Up 0.6 %

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

Unilever Cuts Dividend

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on UL shares. StockNews.com downgraded shares of Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley downgraded shares of Unilever from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $52.00 to $48.00 in a research report on Tuesday, February 27th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average 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.