Everstar Asset Management LLC Sells 3,108 Shares of Unilever PLC (NYSE:UL)

Everstar Asset Management LLC trimmed its holdings in Unilever PLC (NYSE:UL) by 30.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,138 shares of the company’s stock after selling 3,108 shares during the quarter. Everstar Asset Management LLC’s holdings in Unilever were worth $405,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of UL. Fisher Asset Management LLC lifted its stake in shares of Unilever by 7.3% in the fourth quarter. Fisher Asset Management LLC now owns 17,940,963 shares of the company’s stock valued at $1,017,253,000 after buying an additional 1,214,563 shares during the period. Clearbridge Investments LLC raised its holdings in Unilever by 140.1% in the 4th quarter. Clearbridge Investments LLC now owns 3,719,284 shares of the company’s stock valued at $210,883,000 after acquiring an additional 2,170,242 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Unilever by 66.4% in the 4th quarter. Jennison Associates LLC now owns 3,454,686 shares of the company’s stock worth $195,881,000 after acquiring an additional 1,378,517 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Unilever during the 4th quarter worth approximately $176,806,000. Finally, Hamlin Capital Management LLC increased its position in shares of Unilever by 7.8% during the fourth quarter. Hamlin Capital Management LLC now owns 2,874,929 shares of the company’s stock valued at $163,008,000 after purchasing an additional 207,549 shares during the period. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on UL. Sanford C. Bernstein raised Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Royal Bank of Canada downgraded Unilever from a “sector perform” rating to an “underperform” rating in a research report on Monday, January 6th. StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Finally, DZ Bank raised shares of Unilever from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $66.33.

Unilever Trading Up 0.9 %

Shares of NYSE UL opened at $59.18 on Monday. Unilever PLC has a 1-year low of $46.46 and a 1-year high of $65.87. The company has a 50-day moving average of $57.61 and a two-hundred day moving average of $59.21. The company has a market cap of $146.60 billion, a PE ratio of 16.96, a P/E/G ratio of 1.60 and a beta of 0.47.

Unilever Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were issued a dividend of $0.4674 per share. This represents a $1.87 annualized dividend and a yield of 3.16%. The ex-dividend date was Friday, February 28th. Unilever’s dividend payout ratio is 53.01%.

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.