Unilever PLC (NYSE:UL) Shares Sold by Kennon Green & Company LLC

Kennon Green & Company LLC reduced its holdings in Unilever PLC (NYSE:UL) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,662 shares of the company’s stock after selling 518 shares during the quarter. Unilever accounts for 2.3% of Kennon Green & Company LLC’s portfolio, making the stock its 16th largest position. Kennon Green & Company LLC’s holdings in Unilever were worth $2,702,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Jennison Associates LLC grew its holdings in shares of Unilever by 981.6% in the 3rd quarter. Jennison Associates LLC now owns 2,076,169 shares of the company’s stock worth $134,868,000 after acquiring an additional 1,884,216 shares during the last quarter. Fisher Asset Management LLC boosted its position in shares of Unilever by 7.1% in the third quarter. Fisher Asset Management LLC now owns 16,726,400 shares of the company’s stock worth $1,086,547,000 after buying an additional 1,114,177 shares during the period. Citigroup Inc. boosted its position in shares of Unilever by 493.4% in the third quarter. Citigroup Inc. now owns 1,105,064 shares of the company’s stock worth $71,785,000 after buying an additional 918,841 shares during the period. Icon Wealth Advisors LLC boosted its position in shares of Unilever by 7,466.0% in the third quarter. Icon Wealth Advisors LLC now owns 629,569 shares of the company’s stock worth $40,897,000 after buying an additional 621,248 shares during the period. Finally, Canoe Financial LP acquired a new stake in shares of Unilever in the third quarter worth $23,488,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Trading Up 1.1 %

Unilever stock opened at $56.14 on Friday. The business’s 50-day simple moving average is $56.79 and its 200-day simple moving average is $60.09. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87.

Unilever Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a $0.4674 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.87 dividend on an annualized basis and a dividend yield of 3.33%.

Analyst Ratings Changes

UL has been the subject of several recent analyst reports. Sanford C. Bernstein raised Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a research report on Tuesday. DZ Bank raised Unilever from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Royal Bank of Canada lowered Unilever from a “sector perform” rating to an “underperform” rating in a report on Monday, January 6th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $61.75.

Unilever 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.