TD Private Client Wealth LLC Sells 875 Shares of Unilever PLC (NYSE:UL)

TD Private Client Wealth LLC cut its holdings in Unilever PLC (NYSE:UL) by 5.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,858 shares of the company’s stock after selling 875 shares during the quarter. TD Private Client Wealth LLC’s holdings in Unilever were worth $899,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of UL. Golden State Wealth Management LLC bought a new stake in shares of Unilever in the 4th quarter worth approximately $26,000. Financial Life Planners purchased a new stake in Unilever in the fourth quarter worth $28,000. VSM Wealth Advisory LLC bought a new stake in Unilever in the fourth quarter valued at $28,000. Roxbury Financial LLC purchased a new position in Unilever during the 4th quarter valued at $30,000. Finally, Mainstream Capital Management LLC purchased a new position in Unilever during the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on UL shares. 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 upgraded shares of Unilever from a “hold” rating to a “buy” rating in a report on Friday, February 21st. StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a report on Friday, March 7th. Finally, Royal Bank of Canada cut Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. Two 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.33.

Unilever Stock Performance

Shares of UL opened at $58.64 on Monday. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87. The firm’s 50-day simple moving average is $57.28 and its two-hundred day simple moving average is $59.45. The stock has a market cap of $145.25 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 1.60 and a beta of 0.47.

Unilever Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a $0.4674 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.87 annualized dividend and a dividend yield of 3.19%. Unilever’s payout ratio is currently 53.01%.

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.