Forte Capital LLC ADV Has $2.26 Million Stock Position in Unilever PLC (NYSE:UL)

Forte Capital LLC ADV lowered its holdings in shares of Unilever PLC (NYSE:UL) by 0.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,890 shares of the company’s stock after selling 316 shares during the period. Forte Capital LLC ADV’s holdings in Unilever were worth $2,262,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Golden State Wealth Management LLC acquired a new stake in Unilever in the fourth quarter valued at approximately $26,000. Financial Life Planners acquired a new stake in Unilever in the fourth quarter valued at approximately $28,000. Roxbury Financial LLC acquired a new stake in Unilever in the fourth quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Unilever in the third quarter valued at approximately $35,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Unilever in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Erste Group Bank reissued a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a research note on Tuesday. 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 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, one has issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $61.75.

Unilever Stock Performance

UL stock opened at $55.52 on Friday. Unilever PLC has a twelve month low of $46.46 and a twelve month high of $65.87. The stock’s 50 day moving average is $56.85 and its 200-day moving average is $60.13.

Unilever Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a $0.4674 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.87 dividend on an annualized basis and a dividend yield of 3.37%.

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.