Schechter Investment Advisors LLC Has $1.69 Million Position in Unilever PLC (NYSE:UL)

Schechter Investment Advisors LLC trimmed its position in shares of Unilever PLC (NYSE:UL) by 3.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,727 shares of the company’s stock after selling 917 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Unilever were worth $1,686,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stonegate Investment Group LLC boosted its holdings in Unilever by 155.2% in the fourth quarter. Stonegate Investment Group LLC now owns 8,415 shares of the company’s stock valued at $477,000 after acquiring an additional 5,117 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in Unilever by 1.5% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 655,964 shares of the company’s stock valued at $37,193,000 after acquiring an additional 9,528 shares during the last quarter. Verition Fund Management LLC acquired a new stake in Unilever during the 3rd quarter worth about $11,694,000. WCM Investment Management LLC raised its position in shares of Unilever by 236.2% in the 3rd quarter. WCM Investment Management LLC now owns 30,520 shares of the company’s stock worth $1,997,000 after acquiring an additional 21,441 shares in the last quarter. Finally, Radnor Capital Management LLC bought a new position in shares of Unilever in the 3rd quarter worth about $1,388,000. 9.67% of the stock is currently owned by institutional investors.

Unilever Price Performance

Shares of UL stock opened at $57.74 on Tuesday. The firm has a 50-day moving average of $56.60 and a 200-day moving average of $59.90. Unilever PLC has a one year low of $46.46 and a one year high of $65.87. The company has a market cap of $143.28 billion, a P/E ratio of 16.54, a P/E/G ratio of 1.60 and a beta of 0.50.

Unilever Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued 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 3.24%. Unilever’s dividend payout ratio (DPR) is currently 53.01%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on UL shares. Royal Bank of Canada downgraded shares of Unilever from a “sector perform” rating to an “underperform” rating in a research report on Monday, January 6th. DZ Bank upgraded shares of Unilever from a “hold” rating to a “buy” rating in a report on Friday, February 21st. StockNews.com cut shares of Unilever from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. Finally, Sanford C. Bernstein raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.