EverSource Wealth Advisors LLC Sells 1,343 Shares of Unilever PLC (NYSE:UL)

EverSource Wealth Advisors LLC trimmed its holdings in shares of Unilever PLC (NYSE:UL) by 43.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,735 shares of the company’s stock after selling 1,343 shares during the period. EverSource Wealth Advisors LLC’s holdings in Unilever were worth $98,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Pinion Investment Advisors LLC boosted its holdings in shares of Unilever by 2.0% during the 4th quarter. Pinion Investment Advisors LLC now owns 9,250 shares of the company’s stock worth $524,000 after buying an additional 177 shares in the last quarter. Timber Creek Capital Management LLC boosted its holdings in shares of Unilever by 0.5% during the 3rd quarter. Timber Creek Capital Management LLC now owns 39,530 shares of the company’s stock worth $2,568,000 after buying an additional 182 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its holdings in shares of Unilever by 3.4% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 5,646 shares of the company’s stock worth $320,000 after buying an additional 185 shares in the last quarter. Alhambra Investment Management LLC boosted its holdings in shares of Unilever by 4.2% during the 4th quarter. Alhambra Investment Management LLC now owns 4,586 shares of the company’s stock worth $260,000 after buying an additional 186 shares in the last quarter. Finally, Phillips Wealth Planners LLC boosted its holdings in shares of Unilever by 2.2% during the 4th quarter. Phillips Wealth Planners LLC now owns 8,970 shares of the company’s stock worth $495,000 after buying an additional 193 shares in the last quarter. 9.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on UL. StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a report on Friday, March 7th. DZ Bank upgraded Unilever from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Sanford C. Bernstein upgraded Unilever from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. Erste Group Bank reiterated a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Finally, Royal Bank of Canada cut Unilever from a “sector perform” rating to an “underperform” rating in a report on Monday, January 6th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Unilever presently has a consensus rating of “Moderate Buy” and an average target price of $66.33.

Unilever Trading Down 1.7 %

NYSE UL opened at $58.70 on Wednesday. The firm has a market capitalization of $145.65 billion, a P/E ratio of 16.82, a PEG ratio of 1.60 and a beta of 0.47. The business has a fifty day simple moving average of $57.09 and a 200 day simple moving average of $59.58. Unilever PLC has a 12 month low of $46.46 and a 12 month high of $65.87.

Unilever Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a $0.4674 dividend. This represents a $1.87 annualized dividend and a yield of 3.19%. The ex-dividend date is Friday, February 28th. Unilever’s dividend payout ratio (DPR) is presently 53.01%.

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.