Unilever PLC (NYSE:UL) Shares Sold by Greenleaf Trust

Greenleaf Trust lowered its stake in shares of Unilever PLC (NYSE:UL) by 63.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,508 shares of the company’s stock after selling 14,696 shares during the quarter. Greenleaf Trust’s holdings in Unilever were worth $412,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Jones Financial Companies Lllp raised its stake in Unilever by 111.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 552 shares of the company’s stock valued at $27,000 after acquiring an additional 291 shares in the last quarter. Life Planning Partners Inc bought a new stake in Unilever during the 4th quarter valued at $27,000. VisionPoint Advisory Group LLC raised its stake in Unilever by 215.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock valued at $29,000 after acquiring an additional 400 shares in the last quarter. Barrett & Company Inc. raised its stake in Unilever by 51.5% during the 3rd quarter. Barrett & Company Inc. now owns 606 shares of the company’s stock valued at $30,000 after acquiring an additional 206 shares in the last quarter. Finally, Planned Solutions Inc. bought a new stake in Unilever during the 4th quarter valued at $44,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on UL. StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley downgraded Unilever from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $52.00 to $48.00 in a research note on Tuesday, February 27th. Three investment 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, Unilever presently has a consensus rating of “Hold” and an average price target of $48.00.

Unilever Price Performance

UL opened at $47.98 on Wednesday. Unilever PLC has a one year low of $46.16 and a one year high of $55.99. The stock’s fifty day moving average is $49.12 and its 200-day moving average is $48.52.

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 $0.4582 dividend. This represents a $1.83 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend was Thursday, February 22nd.

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.