Congress Wealth Management LLC DE Sells 2,545 Shares of Unilever PLC (NYSE:UL)

Congress Wealth Management LLC DE lessened its stake in Unilever PLC (NYSE:UL) by 36.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 4,484 shares of the company’s stock after selling 2,545 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Unilever were worth $254,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in Unilever in the 4th quarter valued at $26,000. Financial Life Planners acquired a new stake in shares of Unilever in the 4th quarter valued at about $28,000. VSM Wealth Advisory LLC bought a new stake in shares of Unilever in the fourth quarter valued at about $28,000. Roxbury Financial LLC acquired a new position in shares of Unilever during the fourth quarter worth about $30,000. Finally, Mainstream Capital Management LLC bought a new position in shares of Unilever during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on UL shares. StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. Sanford C. Bernstein raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. DZ Bank raised shares of Unilever from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Finally, Royal Bank of Canada cut shares of Unilever from a “sector perform” rating to an “underperform” rating in a research report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $66.33.

Unilever Trading Up 0.9 %

NYSE UL opened at $59.18 on Friday. The firm has a market capitalization of $146.60 billion, a P/E ratio of 16.96, a price-to-earnings-growth ratio of 1.60 and a beta of 0.47. The firm’s fifty day moving average price is $57.61 and its two-hundred day moving average price is $59.25. Unilever PLC has a 1 year low of $46.46 and a 1 year high of $65.87.

Unilever Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 28th were issued a dividend of $0.4674 per share. This represents a $1.87 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend was Friday, February 28th. Unilever’s payout ratio is currently 53.01%.

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.