Everstar Asset Management LLC Has $405,000 Position in Unilever PLC (NYSE:UL)

Everstar Asset Management LLC lessened its holdings in shares of Unilever PLC (NYSE:UL) by 30.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,138 shares of the company’s stock after selling 3,108 shares during the period. Everstar Asset Management LLC’s holdings in Unilever were worth $405,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pinion Investment Advisors LLC grew its position in shares of Unilever by 2.0% in the 4th quarter. Pinion Investment Advisors LLC now owns 9,250 shares of the company’s stock valued at $524,000 after acquiring an additional 177 shares during the period. Tyler Stone Wealth Management grew its holdings in Unilever by 2.8% during the fourth quarter. Tyler Stone Wealth Management now owns 6,576 shares of the company’s stock worth $373,000 after purchasing an additional 180 shares during the period. Ausdal Financial Partners Inc. increased its position in Unilever by 1.9% during the fourth quarter. Ausdal Financial Partners Inc. now owns 9,956 shares of the company’s stock worth $565,000 after buying an additional 181 shares during the last quarter. Timber Creek Capital Management LLC raised its stake in Unilever by 0.5% in the third quarter. Timber Creek Capital Management LLC now owns 39,530 shares of the company’s stock valued at $2,568,000 after buying an additional 182 shares during the period. Finally, Farmers & Merchants Investments Inc. lifted its position in shares of Unilever by 3.4% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 5,646 shares of the company’s stock valued at $320,000 after buying an additional 185 shares during the last quarter. Institutional investors own 9.67% of the company’s stock.

Unilever Stock Up 0.9 %

Shares of Unilever stock opened at $59.18 on Monday. The stock has a market capitalization of $146.60 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 1.60 and a beta of 0.47. Unilever PLC has a twelve month low of $46.46 and a twelve month high of $65.87. The company has a 50-day simple moving average of $57.61 and a two-hundred day simple moving average of $59.21.

Unilever Cuts Dividend

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

Analyst Ratings Changes

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

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.