Reynders McVeigh Capital Management LLC Sells 1,820 Shares of Unilever PLC (NYSE:UL)

Reynders McVeigh Capital Management LLC cut its position in shares of Unilever PLC (NYSE:UL) by 2.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 71,145 shares of the company’s stock after selling 1,820 shares during the period. Reynders McVeigh Capital Management LLC’s holdings in Unilever were worth $4,034,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new stake in Unilever in the fourth quarter worth $26,000. Financial Life Planners purchased a new position in Unilever in the 4th quarter worth about $28,000. VSM Wealth Advisory LLC bought a new stake in Unilever during the 4th quarter valued at about $28,000. Roxbury Financial LLC bought a new stake in Unilever during the 4th quarter valued at about $30,000. Finally, Mainstream Capital Management LLC purchased a new stake in Unilever in the 4th quarter valued at about $31,000. 9.67% of the stock is currently owned by institutional investors.

Unilever Price Performance

UL opened at $61.88 on Friday. The firm has a market capitalization of $153.28 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 1.60 and a beta of 0.42. The business’s 50-day moving average is $58.22 and its two-hundred day moving average is $58.85. Unilever PLC has a 1 year low of $46.46 and a 1 year high of $65.87.

Unilever Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 28th were paid a dividend of $0.4674 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.87 annualized dividend and a dividend yield of 3.02%. Unilever’s dividend payout ratio (DPR) is presently 53.01%.

Analysts Set New Price Targets

Several research firms have recently weighed in on UL. DZ Bank raised shares of Unilever from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Royal Bank of Canada lowered Unilever from a “sector perform” rating to an “underperform” rating in a research report on Monday, January 6th. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Finally, Sanford C. Bernstein upgraded Unilever from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. Two research 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 MarketBeat.com, Unilever has a consensus rating of “Moderate Buy” and a consensus target price of $66.33.

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.