Unilever PLC (NYSE:UL) Shares Sold by UMB Bank n.a.

UMB Bank n.a. reduced its position in Unilever PLC (NYSE:UL) by 40.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,018 shares of the company’s stock after selling 6,929 shares during the period. UMB Bank n.a.’s holdings in Unilever were worth $568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC raised its position in shares of Unilever by 393.5% in the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock worth $29,000 after acquiring an additional 425 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new position in Unilever in the 3rd quarter worth about $35,000. Jamison Private Wealth Management Inc. boosted its position in Unilever by 202.5% during the third quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock worth $39,000 after purchasing an additional 405 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Unilever in the third quarter valued at approximately $40,000. Finally, Coastline Trust Co purchased a new stake in shares of Unilever in the third quarter valued at approximately $48,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on UL. StockNews.com lowered Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Erste Group Bank reiterated a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. Royal Bank of Canada downgraded shares of Unilever from a “sector perform” rating to an “underperform” rating in a research report on Monday, January 6th. Finally, Sanford C. Bernstein upgraded Unilever from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. 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.com, Unilever presently has a consensus rating of “Hold” and an average target price of $61.75.

Unilever Stock Performance

UL opened at $56.95 on Wednesday. Unilever PLC has a twelve month low of $46.46 and a twelve month high of $65.87. The firm’s 50-day moving average price is $57.57 and its 200 day moving average price is $60.36.

Unilever Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 8th were given a $0.4755 dividend. The ex-dividend date of this dividend was Friday, November 8th. This is a positive change from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.34%.

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.