SouthState Corp Has $409,000 Stake in Unilever PLC (NYSE:UL)

SouthState Corp cut its stake in Unilever PLC (NYSE:UL) by 5.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,215 shares of the company’s stock after selling 433 shares during the quarter. SouthState Corp’s holdings in Unilever were worth $409,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new stake in Unilever in the 4th quarter valued at $26,000. Financial Life Planners bought a new stake in shares of Unilever in the 4th quarter worth $28,000. Roxbury Financial LLC purchased a new stake in shares of Unilever in the fourth quarter valued at about $30,000. Mainstream Capital Management LLC bought a new position in shares of Unilever during the fourth quarter valued at about $31,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in Unilever during the fourth quarter worth about $36,000. Institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

Shares of NYSE UL opened at $59.73 on Tuesday. The business’s fifty day moving average price is $57.04 and its 200-day moving average price is $59.62. Unilever PLC has a one year low of $46.46 and a one year high of $65.87. The stock has a market capitalization of $148.23 billion, a PE ratio of 17.12, a P/E/G ratio of 1.60 and a beta of 0.47.

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 given 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 3.13%. Unilever’s dividend payout ratio is presently 53.01%.

Analysts Set New Price Targets

Several equities research analysts have commented on UL shares. Erste Group Bank reiterated a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. 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 report on Friday, February 21st. Sanford C. Bernstein raised Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Finally, StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a report on Friday, March 7th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $66.33.

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.