Ativo Capital Management LLC Sells 400 Shares of Unilever PLC (NYSE:UL)

Ativo Capital Management LLC decreased its position in shares of Unilever PLC (NYSE:UL) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,480 shares of the company’s stock after selling 400 shares during the quarter. Ativo Capital Management LLC’s holdings in Unilever were worth $1,161,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in Unilever during the 4th quarter worth approximately $26,000. Financial Life Planners bought a new position in Unilever during the 4th quarter worth approximately $28,000. Roxbury Financial LLC bought a new position in Unilever during the 4th quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. bought a new position in Unilever during the 3rd quarter worth approximately $35,000. Finally, Newbridge Financial Services Group Inc. bought a new position in Unilever during the 4th quarter worth approximately $36,000. Institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

NYSE UL opened at $56.14 on Friday. The company has a fifty day simple moving average of $56.79 and a 200 day simple moving average of $60.09. Unilever PLC has a 12-month low of $46.46 and a 12-month high of $65.87.

Unilever Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a $0.4674 dividend. This represents a $1.87 annualized dividend and a yield of 3.33%. The ex-dividend date is Friday, February 28th.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on UL shares. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a report on Tuesday. DZ Bank upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research note on Friday. Royal Bank of Canada lowered shares of 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. Finally, Erste Group Bank reiterated a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $61.75.

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.