Unilever PLC (NYSE:UL) Shares Sold by Schrum Private Wealth Management LLC

Schrum Private Wealth Management LLC reduced its holdings in shares of Unilever PLC (NYSE:UL) by 37.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,223 shares of the company’s stock after selling 3,709 shares during the period. Schrum Private Wealth Management LLC’s holdings in Unilever were worth $353,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in Unilever in the fourth quarter valued at $176,806,000. Jennison Associates LLC boosted its position in shares of Unilever by 981.6% in the 3rd quarter. Jennison Associates LLC now owns 2,076,169 shares of the company’s stock valued at $134,868,000 after purchasing an additional 1,884,216 shares during the period. Fisher Asset Management LLC increased its position in Unilever by 7.3% during the fourth quarter. Fisher Asset Management LLC now owns 17,940,963 shares of the company’s stock worth $1,017,253,000 after buying an additional 1,214,563 shares during the period. Citigroup Inc. increased its position in Unilever by 493.4% during the third quarter. Citigroup Inc. now owns 1,105,064 shares of the company’s stock worth $71,785,000 after buying an additional 918,841 shares during the period. Finally, Icon Wealth Advisors LLC boosted its holdings in shares of Unilever by 7,466.0% in the third quarter. Icon Wealth Advisors LLC now owns 629,569 shares of the company’s stock valued at $40,897,000 after acquiring an additional 621,248 shares during the period. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Trading Up 0.6 %

Unilever stock opened at $58.38 on Thursday. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87. The stock has a 50-day moving average price of $56.64 and a 200 day moving average price of $59.86. The stock has a market cap of $144.85 billion, a PE ratio of 16.73, a P/E/G ratio of 1.60 and a beta of 0.47.

Unilever Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.4674 per share. This represents a $1.87 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date is Friday, February 28th. Unilever’s dividend payout ratio is currently 53.01%.

Wall Street Analysts Forecast Growth

UL has been the topic of a number of recent research reports. Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. StockNews.com cut shares of Unilever from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Royal Bank of Canada lowered Unilever from a “sector perform” rating to an “underperform” rating in a report on Monday, January 6th. DZ Bank raised Unilever from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. 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, two have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.33.

Unilever 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.