5,553 Shares in Unilever PLC (NYSE:UL) Bought by Sierra Ocean LLC

Sierra Ocean LLC bought a new position in Unilever PLC (NYSE:UL) in the 4th quarter, Holdings Channel.com reports. The fund bought 5,553 shares of the company’s stock, valued at approximately $315,000.

Other hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in Unilever in the 4th quarter worth $26,000. Financial Life Planners bought a new position in shares of Unilever during the 4th quarter valued at about $28,000. Roxbury Financial LLC bought a new position in shares of Unilever during the 4th quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Unilever during the 3rd quarter valued at about $35,000. Finally, Brooklyn Investment Group bought a new position in shares of Unilever during the 3rd quarter valued at about $40,000. Institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

Unilever stock opened at $54.89 on Monday. Unilever PLC has a 1-year low of $46.46 and a 1-year high of $65.87. The company’s 50-day moving average is $57.13 and its 200 day moving average is $60.30.

Unilever Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a $0.4674 dividend. This represents a $1.87 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date is Friday, February 28th.

Analyst Upgrades and Downgrades

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

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.