WR Wealth Planners LLC Trims Position in Unilever PLC (NYSE:UL)

WR Wealth Planners LLC lessened its stake in shares of Unilever PLC (NYSE:UL) by 10.5% during the 4th quarter, Holdings Channel reports. The fund owned 14,269 shares of the company’s stock after selling 1,678 shares during the quarter. WR Wealth Planners LLC’s holdings in Unilever were worth $809,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Sage Investment Counsel LLC purchased a new position in shares of Unilever during the 4th quarter worth $434,000. SVB Wealth LLC purchased a new position in shares of Unilever during the 4th quarter worth $413,000. Private Trust Co. NA raised its holdings in shares of Unilever by 6.6% during the 4th quarter. Private Trust Co. NA now owns 9,252 shares of the company’s stock worth $525,000 after acquiring an additional 575 shares during the period. Fielder Capital Group LLC raised its holdings in Unilever by 7.2% in the 4th quarter. Fielder Capital Group LLC now owns 5,921 shares of the company’s stock valued at $336,000 after buying an additional 400 shares during the period. Finally, QRG Capital Management Inc. raised its holdings in Unilever by 6.3% in the 4th quarter. QRG Capital Management Inc. now owns 235,108 shares of the company’s stock valued at $13,331,000 after buying an additional 14,022 shares during the period. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Trading Up 0.3 %

Shares of NYSE:UL opened at $56.61 on Friday. The firm’s 50-day moving average is $56.59 and its two-hundred day moving average is $59.93. Unilever PLC has a 1 year low of $46.46 and a 1 year high of $65.87.

Unilever Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.4674 per share. 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 3.30%.

Analyst Ratings Changes

Several brokerages recently issued reports on UL. Erste Group Bank restated a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Royal Bank of Canada lowered shares of Unilever from a “sector perform” rating to an “underperform” rating in a report on Monday, January 6th. StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a report on Wednesday. DZ Bank upgraded shares of Unilever from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Finally, Sanford C. Bernstein upgraded shares of Unilever from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.