Perigon Wealth Management LLC Cuts Position in Unilever PLC (NYSE:UL)

Perigon Wealth Management LLC cut its holdings in Unilever PLC (NYSE:UL) by 9.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,992 shares of the company’s stock after selling 817 shares during the period. Perigon Wealth Management LLC’s holdings in Unilever were worth $387,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Sapient Capital LLC bought a new stake in Unilever in the fourth quarter worth $911,000. Cardinal Capital Management lifted its stake in Unilever by 0.7% in the fourth quarter. Cardinal Capital Management now owns 34,265 shares of the company’s stock worth $1,661,000 after purchasing an additional 247 shares during the last quarter. Cerity Partners LLC lifted its stake in Unilever by 8.5% in the fourth quarter. Cerity Partners LLC now owns 96,377 shares of the company’s stock worth $4,672,000 after purchasing an additional 7,540 shares during the last quarter. Aaron Wealth Advisors LLC lifted its stake in Unilever by 18.6% in the fourth quarter. Aaron Wealth Advisors LLC now owns 6,467 shares of the company’s stock worth $314,000 after purchasing an additional 1,012 shares during the last quarter. Finally, Advisors Management Group Inc. ADV lifted its stake in Unilever by 0.9% in the fourth quarter. Advisors Management Group Inc. ADV now owns 63,737 shares of the company’s stock worth $3,090,000 after purchasing an additional 561 shares during the last quarter. 9.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on UL. Morgan Stanley downgraded shares of Unilever from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $52.00 to $48.00 in a research note on Tuesday, February 27th. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a research note on Saturday. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $48.00.

Unilever Stock Down 0.5 %

Shares of NYSE:UL opened at $46.48 on Wednesday. The company has a 50-day moving average price of $49.40 and a 200-day moving average price of $48.57. Unilever PLC has a 12 month low of $46.16 and a 12 month high of $55.99.

Unilever Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, February 23rd were paid a dividend of $0.4582 per share. This represents a $1.83 annualized dividend and a dividend yield of 3.94%. The ex-dividend date was Thursday, February 22nd.

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.