Unilever PLC (NYSE:UL) Stock Holdings Lowered by Todd Asset Management LLC

Todd Asset Management LLC cut its position in Unilever PLC (NYSE:UL) by 32.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 41,319 shares of the company’s stock after selling 20,058 shares during the quarter. Todd Asset Management LLC’s holdings in Unilever were worth $2,003,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Life Planning Partners Inc bought a new position in shares of Unilever in the fourth quarter valued at approximately $27,000. Jones Financial Companies Lllp increased its position in shares of Unilever by 111.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 552 shares of the company’s stock valued at $27,000 after purchasing an additional 291 shares during the period. VisionPoint Advisory Group LLC increased its position in shares of Unilever by 215.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock valued at $29,000 after purchasing an additional 400 shares during the period. Evolution Advisers Inc. bought a new stake in shares of Unilever in the 4th quarter worth $34,000. Finally, Planned Solutions Inc. acquired a new stake in shares of Unilever in the fourth quarter valued at $44,000. Institutional investors own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on UL shares. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a report on Wednesday. Morgan Stanley cut shares of Unilever from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $52.00 to $48.00 in a research note on Tuesday, February 27th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $48.00.

Unilever Stock Performance

Shares of UL traded up $0.11 during trading hours on Friday, hitting $52.13. 4,413,133 shares of the company were exchanged, compared to its average volume of 3,468,891. The firm has a fifty day simple moving average of $49.21 and a 200-day simple moving average of $48.69. Unilever PLC has a one year low of $46.16 and a one year high of $55.69.

Unilever Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be given a $0.4556 dividend. The ex-dividend date is Thursday, May 16th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.50%.

Unilever Company 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.