Forte Capital LLC ADV Sells 316 Shares of Unilever PLC (NYSE:UL)

Forte Capital LLC ADV reduced its holdings in shares of Unilever PLC (NYSE:UL) by 0.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 39,890 shares of the company’s stock after selling 316 shares during the quarter. Forte Capital LLC ADV’s holdings in Unilever were worth $2,262,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Stonegate Investment Group LLC lifted its holdings in Unilever by 155.2% during the fourth quarter. Stonegate Investment Group LLC now owns 8,415 shares of the company’s stock worth $477,000 after acquiring an additional 5,117 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Unilever by 16.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 110,528 shares of the company’s stock worth $7,180,000 after buying an additional 15,941 shares during the last quarter. Verition Fund Management LLC purchased a new stake in Unilever in the third quarter worth $11,694,000. WCM Investment Management LLC increased its position in Unilever by 236.2% in the third quarter. WCM Investment Management LLC now owns 30,520 shares of the company’s stock worth $1,997,000 after buying an additional 21,441 shares during the last quarter. Finally, Radnor Capital Management LLC purchased a new stake in Unilever in the third quarter worth $1,388,000. 9.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

UL has been the subject of a number of recent research reports. Royal Bank of Canada downgraded Unilever from a “sector perform” rating to an “underperform” rating in a research report on Monday, January 6th. Erste Group Bank reissued a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. Sanford C. Bernstein raised Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Finally, StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a research report on Tuesday. Three analysts have rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Unilever currently has an average rating of “Hold” and an average price target of $61.75.

Unilever Trading Down 0.2 %

Shares of NYSE UL opened at $55.52 on Friday. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87. The stock has a fifty day moving average of $56.85 and a 200-day moving average of $60.13.

Unilever Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a $0.4674 dividend. This represents a $1.87 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend is Friday, February 28th.

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.