Congress Wealth Management LLC DE Sells 2,545 Shares of Unilever PLC (NYSE:UL)

Congress Wealth Management LLC DE cut its holdings in shares of Unilever PLC (NYSE:UL) by 36.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,484 shares of the company’s stock after selling 2,545 shares during the period. Congress Wealth Management LLC DE’s holdings in Unilever were worth $254,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in shares of Unilever during the fourth quarter worth $26,000. Financial Life Planners bought a new stake in Unilever during the 4th quarter worth about $28,000. VSM Wealth Advisory LLC acquired a new stake in Unilever in the 4th quarter valued at about $28,000. Roxbury Financial LLC bought a new position in shares of Unilever in the fourth quarter worth about $30,000. Finally, Mainstream Capital Management LLC acquired a new position in shares of Unilever during the fourth quarter worth approximately $31,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on UL. Sanford C. Bernstein upgraded shares of Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. DZ Bank upgraded Unilever from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Finally, 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. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Unilever presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.33.

Unilever Trading Up 0.9 %

Unilever stock opened at $59.18 on Friday. The firm has a market capitalization of $146.60 billion, a P/E ratio of 16.96, a PEG ratio of 1.60 and a beta of 0.47. The business has a 50-day moving average of $57.61 and a 200-day moving average of $59.25. Unilever PLC has a 1 year low of $46.46 and a 1 year high of $65.87.

Unilever Cuts Dividend

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