CORDA Investment Management LLC. Decreases Stake in Unilever PLC (NYSE:UL)

CORDA Investment Management LLC. trimmed its holdings in Unilever PLC (NYSE:UL) by 0.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 825,118 shares of the company’s stock after selling 3,756 shares during the quarter. Unilever comprises 3.7% of CORDA Investment Management LLC.’s portfolio, making the stock its 4th biggest holding. CORDA Investment Management LLC.’s holdings in Unilever were worth $46,784,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in UL. Golden State Wealth Management LLC bought a new position in Unilever in the 4th quarter valued at $26,000. Financial Life Planners bought a new position in Unilever in the fourth quarter valued at about $28,000. Roxbury Financial LLC bought a new position in Unilever in the fourth quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Unilever in the third quarter worth about $35,000. Finally, Brooklyn Investment Group bought a new stake in Unilever during the 3rd quarter worth about $40,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on UL shares. Sanford C. Bernstein raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. DZ Bank raised shares of Unilever from a “hold” rating to a “buy” rating in a report on Friday, February 21st. StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a research note on Wednesday. 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 investment analysts have rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $66.33.

Unilever Price Performance

Shares of UL stock opened at $56.46 on Friday. Unilever PLC has a 12-month low of $46.46 and a 12-month high of $65.87. The firm has a fifty day moving average of $56.60 and a 200-day moving average of $59.96.

Unilever Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a $0.4674 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.87 dividend on an annualized basis and a yield of 3.31%.

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.