First Horizon Advisors Inc. Cuts Stake in Unilever PLC (NYSE:UL)

First Horizon Advisors Inc. decreased its position in Unilever PLC (NYSE:UL) by 16.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,755 shares of the company’s stock after selling 719 shares during the period. First Horizon Advisors Inc.’s holdings in Unilever were worth $182,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in UL. Life Planning Partners Inc purchased a new stake in Unilever in the 4th quarter valued at approximately $27,000. Jones Financial Companies Lllp grew its holdings in Unilever by 111.5% during the third quarter. Jones Financial Companies Lllp now owns 552 shares of the company’s stock worth $27,000 after acquiring an additional 291 shares during the period. VisionPoint Advisory Group LLC raised its position in Unilever by 215.1% in the third quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock worth $29,000 after acquiring an additional 400 shares in the last quarter. Evolution Advisers Inc. acquired a new stake in Unilever in the fourth quarter valued at $34,000. Finally, Planned Solutions Inc. purchased a new stake in shares of Unilever during the 4th quarter worth $44,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on UL shares. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Morgan Stanley cut shares of Unilever from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $52.00 to $48.00 in a report on Tuesday, February 27th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Unilever currently has an average rating of “Hold” and an average price target of $48.00.

Unilever Price Performance

Unilever stock opened at $52.13 on Monday. Unilever PLC has a fifty-two week low of $46.16 and a fifty-two week high of $55.69. The stock’s fifty day moving average is $49.21 and its two-hundred day moving average is $48.69.

Unilever Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be paid a $0.4556 dividend. The ex-dividend date is Thursday, May 16th. This represents a $1.82 dividend on an annualized basis and a yield of 3.50%.

Unilever 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.