Unilever PLC (NYSE:UL) Shares Sold by Portside Wealth Group LLC

Portside Wealth Group LLC lowered its position in Unilever PLC (NYSE:ULFree Report) by 11.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 33,067 shares of the company’s stock after selling 4,155 shares during the quarter. Portside Wealth Group LLC’s holdings in Unilever were worth $1,603,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of Unilever by 1.7% during the 1st quarter. BlackRock Inc. now owns 19,363,465 shares of the company’s stock valued at $1,005,545,000 after acquiring an additional 331,498 shares during the period. FMR LLC increased its stake in shares of Unilever by 6.4% during the 3rd quarter. FMR LLC now owns 8,548,447 shares of the company’s stock worth $422,293,000 after purchasing an additional 515,088 shares in the last quarter. Lazard Asset Management LLC increased its stake in shares of Unilever by 48.9% during the 2nd quarter. Lazard Asset Management LLC now owns 5,855,011 shares of the company’s stock worth $305,221,000 after purchasing an additional 1,922,771 shares in the last quarter. Capital International Investors increased its stake in shares of Unilever by 0.6% during the 1st quarter. Capital International Investors now owns 5,042,546 shares of the company’s stock worth $229,988,000 after purchasing an additional 28,870 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Unilever by 35.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,748,095 shares of the company’s stock worth $234,556,000 after purchasing an additional 1,238,734 shares in the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Stock Performance

NYSE:UL opened at $49.64 on Tuesday. The firm’s fifty day simple moving average is $49.28 and its 200 day simple moving average is $48.75. Unilever PLC has a twelve month low of $46.16 and a twelve month high of $55.99.

Unilever Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, February 23rd were issued a dividend of $0.4582 per share. The ex-dividend date was Thursday, February 22nd. This represents a $1.83 annualized dividend and a dividend yield of 3.69%.

Analyst Ratings Changes

UL has been the subject of several recent analyst reports. Jefferies Financial Group cut shares of Unilever from a “buy” rating to an “underperform” rating in a research note on Monday, December 11th. Morgan Stanley cut shares of Unilever from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $52.00 to $48.00 in a research note on Tuesday, February 27th. Sanford C. Bernstein raised shares of Unilever from an “underperform” rating to a “market perform” rating in a research note on Monday, December 11th. Finally, StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $48.00.

Check Out Our Latest Research Report on UL

Unilever Profile

(Free Report)

Unilever PLC operates as a fast-moving consumer goods company. It operates through Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream segments. 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, which includes the vitamins, minerals, and supplements.

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Institutional Ownership by Quarter for Unilever (NYSE:UL)

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