Unilever PLC (NYSE:UL) Shares Sold by AdvisorNet Financial Inc

AdvisorNet Financial Inc cut its holdings in Unilever PLC (NYSE:UL) by 10.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,590 shares of the company’s stock after selling 509 shares during the period. AdvisorNet Financial Inc’s holdings in Unilever were worth $260,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Abich Financial Wealth Management LLC lifted its stake in Unilever by 393.5% in the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock valued at $29,000 after buying an additional 425 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Unilever during the third quarter worth about $35,000. Jamison Private Wealth Management Inc. increased its holdings in shares of Unilever by 202.5% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock worth $39,000 after acquiring an additional 405 shares during the period. Brooklyn Investment Group bought a new stake in Unilever in the 3rd quarter valued at about $40,000. Finally, Coastline Trust Co bought a new position in Unilever in the 3rd quarter worth about $48,000. Institutional investors own 9.67% of the company’s stock.

Unilever Stock Up 1.4 %

Shares of UL stock opened at $55.50 on Friday. The stock has a 50-day simple moving average of $57.77 and a 200 day simple moving average of $60.31. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87.

Unilever Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 8th were given a dividend of $0.4755 per share. This is a positive change from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.90 annualized dividend and a dividend yield of 3.43%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. StockNews.com lowered Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Royal Bank of Canada cut Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. Finally, Sanford C. Bernstein raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $61.75.

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.