Sage Rhino Capital LLC Has $407,000 Position in Unilever PLC (NYSE:UL)

Sage Rhino Capital LLC cut its position in Unilever PLC (NYSE:UL) by 7.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,404 shares of the company’s stock after selling 662 shares during the quarter. Sage Rhino Capital LLC’s holdings in Unilever were worth $407,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Citigroup Inc. raised its position in shares of Unilever by 51.1% in the 3rd quarter. Citigroup Inc. now owns 672,859 shares of the company’s stock valued at $33,239,000 after buying an additional 227,681 shares in the last quarter. Manning & Napier Group LLC raised its position in shares of Unilever by 1.4% in the 4th quarter. Manning & Napier Group LLC now owns 3,332,954 shares of the company’s stock valued at $161,582,000 after buying an additional 47,256 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Unilever by 3,718.5% in the 4th quarter. International Assets Investment Management LLC now owns 171,641 shares of the company’s stock valued at $8,321,000 after buying an additional 167,146 shares in the last quarter. Jennison Associates LLC acquired a new position in shares of Unilever in the 4th quarter valued at approximately $8,038,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Unilever by 14.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 762,085 shares of the company’s stock valued at $36,946,000 after buying an additional 98,275 shares in the last quarter. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Price Performance

UL stock traded up $0.37 during trading on Tuesday, reaching $51.87. 3,005,628 shares of the company were exchanged, compared to its average volume of 2,896,179. Unilever PLC has a twelve month low of $46.16 and a twelve month high of $55.77. The company has a 50-day moving average of $49.12 and a two-hundred day moving average of $48.59. The company has a market capitalization of $129.95 billion, a price-to-earnings ratio of 16.45, a P/E/G ratio of 3.68 and a beta of 0.45.

Unilever Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be given a $0.4556 dividend. This represents a $1.82 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend is Thursday, May 16th. Unilever’s dividend payout ratio (DPR) is currently 57.83%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on UL shares. Morgan Stanley cut shares of Unilever from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $52.00 to $48.00 in a research report on Tuesday, February 27th. StockNews.com cut shares of Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, April 23rd. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $48.00.

About Unilever

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.