Unilever PLC (NYSE:UL) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP reduced its position in Unilever PLC (NYSE:UL) by 1.3% in the 4th quarter, Holdings Channel reports. The firm owned 24,679,388 shares of the company’s stock after selling 334,872 shares during the quarter. Wellington Management Group LLP’s holdings in Unilever were worth $1,399,321,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of UL. Golden State Wealth Management LLC acquired a new position in Unilever in the 4th quarter valued at about $26,000. Financial Life Planners purchased a new stake in Unilever during the 4th quarter worth approximately $28,000. VSM Wealth Advisory LLC purchased a new position in Unilever in the fourth quarter valued at $28,000. Roxbury Financial LLC acquired a new position in Unilever during the 4th quarter worth approximately $30,000. Finally, Mainstream Capital Management LLC acquired a new position in shares of Unilever during the 4th quarter worth about $31,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Trading Up 0.9 %

NYSE UL opened at $59.18 on Monday. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87. The company has a 50-day moving average price of $57.61 and a two-hundred day moving average price of $59.21. The stock has a market cap 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 Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 28th were issued 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 currently 53.01%.

Analyst Ratings Changes

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

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.